1.1469 0 11356 Question 6 1 pts Today's GBP/USD spot rate is, X, USD/GBP = 1.28. Assume that GBP 6% and USD - 4%, if the 1-Year USD/GBP forward rate is F, USD/GBP = 1.28, according to the Covered Interest Rate parity (CIRP), is the GBP underpriced/overpriced in the actual forward contract? Which of the following is true? GBP is underpriced by 1.92% O GBP is underpriced by 9.86% GBP is overpriced by 9.86% O GBP is overpriced by 1.92% w Question 7 1 pts Assume that EUR = 10%. USD = 3% and X. USD/EUR - 1.32. You want a long forward position in EUR 210.000 1-Year forward, i.e. receive EUR one year in the future. Your banker quotes you the following USD/EUR forward rate: F1 USD/EUR 1.22. Which choice is more favorable, the actual forward contract or set up a synthetic forward position? Male