Phillips NV produces DVD players and exports them to the United States. Last year the exchange rate was $1.25/euro and Phillips charged $150 per DVD player in the United States. Currently the spot exchange rate is $1.45/euro and Phillips is charging $160 per DVD player. What is the degree of foreign exchange pass through by Phillips NV on their DVD players? 92% 33.3% 41.7% 4.1 % A forward contract to deliver British pounds for U.S. dollars could be described either as ____ or ____ buying dollars forward: buying pounds forward selling pounds forward: selling dollars forward selling pounds forward: buying dollars forward selling dollars forward, buying pounds forward The current U.S. dollar-yen spot rate is 125 yen/$. If the 90-day forward exchange rate is 127 yen/$ then the yen is selling at a per annum ____ of _____. premium: 1.57% premium: 6.30% discount: 1.57% discount: 6.30% Which of the following is an example of an American term foreign exchange quote? $1.8200/pound euro 1.1200/$ pound 140.00/euro None of the above A call option with a strike price greater than the spot price is said to be ____. in-the-money at-the-money out-of-the-money over-the-spot A foreign currency _____ option gives the holder the right to _____ a foreign currency, whereas a foreign currency _____ option gives the holder the right to _______ the currency. call, buy, put, sell call, sell, put, buy put, hold, call, release None of the above A foreign currency ______ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price. futures forward option swap