A company approaches an FX dealer for a forward quote on the USD/CHF with a three-month (90-day) delivery. The spot rate is USD/CHF1.2200-50. The dealer needs to calculate the forward points. Assume the three-month eurodollar bid and offer interest rates are 4.00% and 4.40% p.a. and the three-month euroswiss franc interest rates are 5.00% and 5.50% per annum, respectively. Calculate offer forward points."

30

33

45

18