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Explain the meaning of the forward discount of the $ relative to Euro. If the forward discount of the $ relative to Euro is 5%,

Explain the meaning of the forward discount of the $ relative to Euro. If the forward discount of the $ relative to Euro is 5%, does this mean that the forward premium of the Euro relative to the dollar is 5%? Why or why not?

What is a put on the USD? How do firms use a put option?

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