You are given the following indirect quotations of the euro, sterling and the yen against the US
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You are given the following indirect quotations of the euro, sterling and the yen against the US dollar (that is, the value in each of the other currencies of $1):
EURO POUND YEN Spot 0.7065 0.4899 115.885 One month 0.7060 0.4903 115.436 Three month 0.7054 0.4909 114.640 One year 0.7042 0.4948 111.608 1 Which two of the three currencies quoted here were trading at a forward premium against the US dollar?
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Related Book For 
The Economics Of Money Banking And Finance
ISBN: 9780273710394
4th Edition
Authors: Peter Howells, Keith Bain
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