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The home currency of ACB CO is the dollar and it trades with a company in a foreign country whose home currency is the dinar.
Spot rate 20 dinar per $interest rate
Home country 3%
Foreign country 7%Im confused with the numerator and denominator interest to use
can u tell me how to grasp it pls, I know its 3% for the denominator but how?Why are you not watching the free lectures – this is explained in the lectures and I cannot type out the whole lectures here!
Because the dinar is quoted against the dollar, the dollar interest is the denominator and the dinar interest is the numerator.
I have watched your lectures fully, but just a doubt popped up doing a paper. thks
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