Question
The spot rate on the London market is 0.5505/$, while the 90-day forward rate is 0.5592/$. What is the annualized forward premium or discount on
The spot rate on the London market is 0.5505/$, while the 90-day forward rate is 0.5592/$. What is the annualized forward premium or discount on the British pound? (Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.)
| Forward premium or (discount) |
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Managerial Accounting For Undergraduates
Authors: Christensen, Theodore E. Hobson, L. Scott Wallace, James S.
1st Edition
1618531123, 9781618531124
