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A London dealer bank has the following quotes: Bid Ask 0.8260/$ 0.8490/$ An MNC needs to sell 50 million to the dealer. How many dollars

A London dealer bank has the following quotes: Bid Ask

0.8260/$ 0.8490/$

An MNC needs to sell 50 million to the dealer. How many dollars would it receive?

Given S = $1.2280/ and the three-month forward contract on the pound is quoted at a premium of 5.60%. Calculate the outright three-months forward rate of the pound in terms of the dollar.

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