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Question
6452
u200b
Forward rate, $/C$ = $0.6467
u200b
Note that the forward exchange rate gives the number of U.S dollars for 1 Canadian dollar, but the problem asks for the number of Canadian dollars per U.S. dollar. So, we need the inverse of the number above.
u200b
Forward exchange rate C$/$ = 1/Forward exchange rate, $/C$
Forward exchange rate C$/$ = 1.5462
LOCAL STANDARDS: United States - OH - Default City - Tier 2: - Capital structure
Answer
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u200b u200b
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