Spot bid CHF/USD=1.02 9-month forward bid CHF/USD=1.01

Spot ask CHF/USD=1.03 9-month forward ask CHF/USD=1.02

1. Compute the annualized forward premium /discount for CHF/USD
2. If you are a US firm importing 100,000 CHF of services from Switzerland due in 9 months, what is the USD amount you could lock in with a forward contract?
3. If the future spot is 1.0, would you have been better off using the spot rate in 9 months in question c)? Explain. Yes, you could lock in at $100,000.
4. If you are a Swiss firm importing 50,000 USD of services, compute the CHF cost of this import if you use a forward contract.