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- 2011-7-11
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2#
发表于 2011-7-13 16:30
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If the expected spot rate in the future keeps pace exactly with Interest rate differential , there is no premium over the forward rate , so no need to adjust the discount rate further.
If the expectation is different than the forward rate , a premium needs to be calculated to calcualte a sensitivity of the discount rate to the currency rate change |
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