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3. Credit Suisse First Boston (CSFB) quotes the following rates for the U.S. dollar. Bid (EIS) Ask (EIS) Spot rate 0.8894 0.8898 6-month forward 0.9164

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3. Credit Suisse First Boston (CSFB) quotes the following rates for the U.S. dollar. Bid (EIS) Ask (EIS) Spot rate 0.8894 0.8898 6-month forward 0.9164 0.9168 a. Are you selling the dollar at a forward premium or a forward discount? Calculate percentage premium or discount for that forward quote. b. Also state such percentage premium or discount on an effective annual percentage rate (APR)

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