Question
The one-year forward rate of the British pound is quoted at $1.6012, and the spot rate of the British pound is quoted at $1.6068. The
The one-year forward rate of the British pound is quoted at $1.6012, and the spot rate of the British pound is quoted at $1.6068. The forward is present premium (or discount) at what annual percent?
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
