Question
If the Malaysian ringgit spot rate is $.40 and the six month forward rate of the ringgit is $.42, what is the forward premium or
If the Malaysian ringgit spot rate is $.40 and the six month forward rate of the ringgit is $.42, what is the forward premium or discount on an annual basis?
| discount; about 10.0% | ||
| discount; about 12.5% | ||
| premium; about 10.0% | ||
| premium; about 12.5% |
please give solutions
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
