Problem 5.12 – ​Bid/Ask on Aussie Dollar Forward

Multinational Business Finance

Eiteman, Stonehill, and Moffett

16th Edition

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Difficulty – Medium

Given the table with Bid Rates and Ask Rates of the U.S. dollar to the Australian dollar, determine the Mid-rates and the forward premiums. Finally, determine the smallest and largest forward premiums.

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