Question
Given the following spot, 6-month forward American term bid-ask quotes: spot: 1.2512-1.2536 USD/GBP 6-mth: 1.3012-1.3089 USD/GBP The ask quotes indicate that the ____ is selling
Given the following spot, 6-month forward American term bid-ask quotes: spot: 1.2512-1.2536 USD/GBP 6-mth: 1.3012-1.3089 USD/GBP The ask quotes indicate that the ____ is selling at an annualized ______%.
- A. USD; discount 8.82
- B. GBP; premium 4.41
- C. GBP; premium 8.81
- D. USD; discount 4.41
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
