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Question 19 Not yet Marked out of 100 Flag Question The currency quote machine at the foreign exchange trader's office shows following exchange rates between

Question 19 Not yet Marked out of 100 Flag Question 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 Ask Bid Ask BHD/PHP 116.2100 116. 2119 116.2126 116.2135 116.2130 116.2140 Determine percentage Premium or Discount for Ask price for 3 months forward Bid a. 0.0018 % premium b 0.3498 % discount -0.8796 % discount d. 0.9898 % premium

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