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Spot Question 2 Given below are spot and forward rates expressed in US dollars per unit of the Euro and Rates 1.5393 1.6030 30 days

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Spot Question 2 Given below are spot and forward rates expressed in US dollars per unit of the Euro and Rates 1.5393 1.6030 30 days forward 1.5406 1.6006 60 days forward 1.5425 1.6000 90 days 1.5431 1.5945 180 days 1.5478 1.5859 Required: i. Is the 90-day forward quoted at a discount or at a premium? ii. Is the 90-day forward contract in pound trading at a discount or at premium? iii. Relative to the pound is the 180 - day forward dollar quoted at a discount? iv. Relative to the Euro is the 90-day forward dollar quoted at a discount

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