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What is the cost of the forward cover for a customer

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Reference no: EM133027752

Question - The following quotation is given by a bank in Kenya:

Spot rate $1: KES106.65 - 109. 85

Three months forward 160 - 147 cents pm

Required - What is the cost of the forward cover for a customer selling dollars one month forward?

Reference no: EM133027752

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