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An Italian company is expecting to receive Kuwait dinars in 9 months' time. The spot rate is Lire/dinar 5.467.Your Company could borrow in dinar at

An Italian company is expecting to receive Kuwait dinars in 9 months' time. The spot rate is Lire/dinar 5.467.Your Company could borrow in dinar at 9% per annum or in Lire at 14% per Annum No forward rate exist for 9 months' time Required:
1)Forward premium or discount and interpret the result.
II. Determine the 9 Months forward exchange rate

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