Question
The spot rate of Chinese Yuan is 6.89 Yuan/$, and the 90-day forward rate is 7.23 Yuan/$. Then the forward for the Chinese Yuan is
The spot rate of Chinese Yuan is 6.89 Yuan/$, and the 90-day forward rate is 7.23 Yuan/$. Then the forward for the Chinese Yuan is selling at a ____ to the spot rate.
Premium of 4.93%
Discount of 4.93%
Premium of 14.93%
Discount of 14.93%
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
