Question
If the Malaysian ringgit spot rate is $.40 and the six month forward rate of the ringgit is $.38, what is the forward premium or
If the Malaysian ringgit spot rate is $.40 and the six month forward rate of the ringgit is $.38, 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% |
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Business Finance
Authors: Eddie McLaney
11th Edition
1292134402, 9781292134406
