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The annualized forward for the euro/U.S. dollar exchange rate when market quotes are EUR 0.9823 per USD spot and EUR 1.0025 per USD quoted on

The annualized forward for the euro/U.S. dollar exchange rate when market quotes are EUR 0.9823 per USD spot and EUR 1.0025 per USD quoted on a three month forward contract is .

	a.	discount; 8.23%.
	b.	premium; 8.23%.
	c.	discount; 2.06%.
	d.	premium; 2.06%.

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