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The /$ spot exchange rate is $1.50/ and the 120-day forward exchange rate is 1.45/. The forward premium (discount) is the dollar is trading at

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The /$ spot exchange rate is $1.50/ and the 120-day forward exchange rate is 1.45/. The forward premium (discount) is the dollar is trading at an 8% premium to the euro for delivery in 120 days. the dollar is trading at a 10% discount to the euro for delivery in 120 days. the dollar is trading at a 5% discount to the euro for delivery in 120 days

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