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The spot exchange rate for the South African Rand is $0.0543. The U.S. interest rate...

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Accounting

The spot exchange rate for the South African Rand is $0.0543. The U.S. interest rate is 0 percent, and the South African interest rate is 4.25 percent. A futures contract expires in 56 days. Find the appropriate futures price under the assumption of continuous compounding and also discrete compounding.

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