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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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
