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A company based in US has surplus funds to the tune of $5,00,000 for 3 months. The company has obtained the following quotes/information from its bank: : 09079/0.9083 $/Euro Spot 3 month forward

A company based in US has surplus funds to the tune of $5,00,000 for 3 months. The company has obtained the following quotes/information from its bank: : 09079/0.9083 $/Euro Spot 3 month forward : 35/33 $/£ Spot 3 month forward : 1.4554/1.4558 : 54/51 3 month interest rate: $ £ Euro : 3.00% p.a. : 4.00% p.a. : 2.50% p.a. You are required to advise the company as to the currency, in which it should invest to have more inflow of dollars.

Apr 20 2021 View more View Less

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