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Suppose following spot and forward rates for the euro ( $ / euro ) were reported: b . What was the 3 0 - day
Suppose following spot and forward rates for the euro $euro were reported:
b What was the day forward premium or discountNegative answer should be indicated by a minus sign. Do not round
intermediate calculations. Round the final answer to decimal places.
day forward premiumdiscount
c What was the day forward premium or discountDo not round intermediate calculations. Round the final answer to
decimal places. Negative answer should be indicated by a minus sign.
day forward premiumdiscount
d Suppose you executed a day forward contract to exchange euros into Canadian dollars. How many dollars would you
get days hence? Omit $ sign in your response.
Dollars for euros
e Assume a French bank entered into a day forward contract with TD Bank to buy $ How many euros will the French
bank deliver in six months to get the Canadian dollars? Do not round intermediate calculations. Round the final answer to the
nearest whole dollar. Omit sign in your response.
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