Assume the spot rate between the US dollar and Swiss franc is Sfr$0\mathrm{.}88=$$$1$ and the $180-$day forward rate is Sfr$0\mathrm{.}91=$$$1.$ The forward rate of Swiss franc exhibits a of Notice that the forward rate is for $180$ days.

premium; about $14\mathrm{.}97\%$

discount; about $6\mathrm{.}59\%$

discount; about $13\mathrm{.}93\%$

premium; about $7\mathrm{.}48\%$