QUESTION 17 The annualized forward for the euro/U.S. dollar exchange rate when market quotes are EUR 0.9223 per USD spot and EUR 1.0025 per USD quoted on a three month forward contract is a. premium; 2.06%. b. discount: 8.23%. c. discount: 2.06%. d. premium; 8.23%. QUESTION 18 Finlay Corporation had sales this year of $3,270 million, and sales are expected to grow by 20 percent next year. Next year the company expects cost of goods sold to be 60 percent of sales, selling expenses to be 540 million per month, depreciation to be $10 million per month, and interest expense to be $24 million per month. Taxes are computed at 21 percent. What is Finlay's expected net income next year? a $538.5 million b. $331.8 million. C. $1,181.5 million. d. $974.9 million