Question
The dollar euro exchnage rate in the spot market is $1.2340/E. The three month forward rate is given as $1.1860/E. How would a currency dealer
The dollar euro exchnage rate in the spot market is $1.2340/E. The three month forward rate is given as $1.1860/E. How would a currency dealer quote the euro three month forward as a premium/discount?
A.3.8898% DISCOUNT
B. 4.0472% Premium
C. 16.1889% Premium
D. 15.5592% Discount
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Digital Business And Electronic Commerce
Authors: Bernd W Wirtz
1st Edition
3030634817, 9783030634810
