Question
The $/spot exchange rate is $1.60/and the 180-day forward exchange rate is $1.59/. Is $ trading at forward premium or forward discount relative to ?
The $/spot exchange rate is $1.60/and the 180-day forward exchange rate is $1.59/. Is $ trading at forward premium or forward discount relative to ? What about ? Calculate the forward premium (discount) for $ and .
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
