The 120-day INR interest rate is 5.80% p.a., and the 120-day EUR interest rate is 1.80% p.a. According to CIP, ____________ for delivery in 120 days. a. the INR is trading at 11.79% premium to the EUR b. the EUR is trading at 11.79% discount to the INR c. the EUR is trading at 11.79% premium to the INR d. the INR is trading at 11.79% discount to the EUR

How do I work out the premium and discount rates?????