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I don't know why the answer is B. Thanks 0-Day 7.13 Suppose it is 1995 and the following direct quotes are received for spot and

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I don't know why the answer is B. Thanks

0-Day 7.13 Suppose it is 1995 and the following direct quotes are received for spot and one- month French francs in New York: ,1160-684-6. Then the outright 30- day forward quote for the French franc was: a) .1156-62 b) .1164-74 c) .1166-72 d) .1154-64 0 b 0 11684 D.I686 Ans: b Section: Forward quotations Level: Medium 0-Day 7.13 Suppose it is 1995 and the following direct quotes are received for spot and one- month French francs in New York: ,1160-684-6. Then the outright 30- day forward quote for the French franc was: a) .1156-62 b) .1164-74 c) .1166-72 d) .1154-64 0 b 0 11684 D.I686 Ans: b Section: Forward quotations Level: Medium

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