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show work. the following is an excerpt from the wall street The following is an excerpt from the Wall Street Journal online. US-dollar foreign exchange

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show work. the following is an excerpt from the wall street

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The following is an excerpt from the Wall Street Journal online. US-dollar foreign exchange rates in late New York Trading Country/currency In US$ Per US$ US$ vs. YTD chg (%) Switzerland franc 1.0787 0.9270 1.3 1-mos forward 1.0791 0.9267 1.3 3-mos forward 1.0798 0.9261 1.3 6-mos forward 1.0811 0.9250 1.4 a. What is the spot exchange rate in direct quotation? b. What is the spot exchange rate in indirect quotation? c. What is the 6-month premium or discount (expressed as an annual percentage rate) for the Swiss Franc

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