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The currency quote machine at the foreign exchange trader's office shows following exchange rates between Bahraini Dinar (BHD) and Philippine Peso (PHP). From the information

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The currency quote machine at the foreign exchange trader's office shows following exchange rates between Bahraini Dinar (BHD) and Philippine Peso (PHP). From the information determine: Currency Spot 1 month forward 3 months forward of Bid Ask Bid Ask Bid Ask BHD / PHP 116.2100 116. 2119 116.2126 116.2135 116.2130 116.2140 Calculate 3 moths forward spread. O a. 0.0010 ob. 0.8765 O c. 0.1237 O d. 0.9870

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