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Corporations with taxable incomes in excess of $18,333,333 have a 35% marginal tax rate and a 35% average tax rate.
Forward Exchange Rate
An agreed-upon exchange rate for a currency transaction that will occur at a future date, used for hedging or speculation in foreign exchange markets.
Future Rate
The anticipated interest rate or currency exchange rate applicable to financial transactions that will occur in the future.
Spot Exchange Rate
The present rate at which one can purchase or sell a currency for immediate transfer.
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