Forward Premium on the Mexican Peso. Calculate the forward premium on the Mexican Peso $($MXN$)$ if the spot rate is MXN$18\mathrm{.}36=$$$1\mathrm{.}00$ and the $6-$month forward rate is MXN$17\mathrm{.}06=$$$1\mathrm{.}00.$ Note: Use a $360-$day year.

The forward premium on the Mexican Peso $($MXN$)$ is $\%.($Round to four decimal places.$)$

$($Select from the drop$-$down menus.$)$

The dollar would be selling forward at a against the Mexican Peso, or equivalently, the Mexican Peso selling forward against the dollar at a

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