FOREIGN EXCHANGE MARKET. Given the spot and a 6-month forward bid-ask spread for UK and Swiss Franc as below, Forward Rate Spot Rate 1) % spread Swap quotation 2) Outright quotation 3) % spread : $1.5910-15 43-40 (disc, prem) CHF: $0.9210-17 64-68 (disc, prem) 1) Compute the spot percent spread for f and CHF. Which one shows a larger and why? CHF: 2) Indicate if the two currencies are forward premium or discount. Calculate the outright quotation for f and CHF. CHF: 3) Compute the forward percent spread for f and CHF. Which one shows a larger and why? CHF