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Oesto 4 Not yet wered Bid Marked out of 100 The currency quote machine at the foreign exchange trader's office shows following exchange rates between

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Oesto 4 Not yet wered Bid Marked out of 100 The currency quote machine at the foreign exchange trader's office shows following exchange rates between Bahraini Dinar (BHD) and Philippine Peso (PHP). From the information determine: Currency Spot 1 month forward 3 months forward Bid Ask Bid Ask Ask BHD/PHP 116.2100 116. 2119 116 2126 116.2135 116.2130 116,2140 Determine annualized percentage premium/ Discount for Bid price for 1 month forward. Flag question a -0.8976 % per annum discount b. -13450 % per annum discount 1.3450 % per annum premium d 0.0264% per annum premium

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