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19 If the one-year interest rate is 2% on Swiss francs and 7% on U.S. dollars, and the exchange rate is currently SFr 1 = $0.91, what does the International Fisher Effect suggest the spot rate will be in one year? a) $0.9282 b) $0.9546 c) $0.9555 d) $0.9737 20 If the spot rate is $1.95/ and the one-year forward rate is $1.87/, what is the percent forward premium or forward discount on pounds? a) Discount 4.103% b) Premium 4.103% c) Discount 4.278% d) Premium 4.278%