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John Travers is planning a holiday to Thailand but is concerned that the U. S. dollar will decline in value before he makes his trip. His travel agent has planned a trip for him for a total cost of 41,250 Thai baht. John plans to purchase the bahts forward and is given a dollar estimate of $1,247.17 based on the 30-day forward quote. What is the forward rate
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John Travers is planning a holiday to Thailand but is concerned that the U. S. dollar will decline i...
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