Determine the six months forward exchange rate

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Reference no: EM133206225

Question - International Finance Discussion - A Kenyan firm has imported goods from Uganda and it has been invoiced Ush.600 million in 6 months. The exchange rates are as follows

Ush. (spot rate) 24.75 25.25

6 months forward premium 1.10 1.25

Required -

1. Determine the 6 months forward exchange rate

2. Determine the amount to be paid by the Kenyan firm in 6 months in Ksh.

Reference no: EM133206225

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