Assume that the Euro is selling in the spot market for $1.24. Simultaneously, in the 3-month forward market the Euro is selling for S1.28. Which one of the following statements correctly describes this situation? I. The euro is selling at a premium relative to the dollar. II. The dollar is selling at a premium relative to the euro. Ill. The dollar is selling at a discount relative to the euro. IV. The euro is selling at a discount relative to the dollar. I and Il only l and Ill only Il and IV only II and IV only I and IV only