Question
a) If you see a three-month swap quote for dollar at a banks website as C$1.3450-70 30-20, what is the outright three-month forward rate for
a) If you see a three-month swap quote for dollar at a banks website as C$1.3450-70 30-20, what is the outright three-month forward rate for $? (b) Calculate the annualized percentage premium/discount on $ using the mid-point of the spot and the outright forward rate. (C) What will be the annualized premium/discount on C$?
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
