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Please answer the following given the information above. Please note that the numbers currently in the answer boxes are incorrect. Suppose following spot and forward
Please answer the following given the information above. Please note that the numbers currently in the answer boxes are incorrect.
Suppose following spot and forward rates for the euro (\$/euro) were reported: b. What was the 30-day forward premium (or discount)? (Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to 2 decimal places.) 30-day forward premium/discount % c. What was the 180-day forward premium (or discount)? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Negative answer should be indicated by a minus sign.) 180-day forward premium/discount % d. Suppose you executed a 90-day forward contract to exchange 160,000 euros into Canadian dollars. How many dollars would you get 90 days hence? (Omit \$ sign in your response.) Dollars for euros $ e. Assume a French bank entered into a 180-day forward contract with TD Bank to buy $160,000. How many euros will the French bank deliver in six months to get the Canadian dollars? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Omit sign in your response.) Euros for dollarsStep by Step Solution
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