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Andrew Broszio just started as an analyst for Credit Suisse in Zurich, Switzerland. He receives the following quotes for Swiss francs against the dollar for
Andrew Broszio just started as an analyst for Credit Suisse in Zurich, Switzerland. He receives the following quotes for Swiss francs against the dollar for spot and 3-months forward. Spot exchange rate: Bid rate: SF 1.2575/$ Ask rate: SF 1.2585/$ And 3-months forward: 14 to 22 points
1) The mid spot rate is SF ( ) /$. ( In 4 decimals) 2) The mid rate for 3-month forward is SF( ) /$. ( In 4 decimals) 3) The annual forward premium/discount for 3-month forward based on mid rates is( ) %. ( In 2 decimals)
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