Question
The spot rate on the London market is 0.5560/$, while the 90-day forward rate is 0.5581/$. What is the annualized forward premium or discount on
The spot rate on the London market is 0.5560/$, while the 90-day forward rate is 0.5581/$. 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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AQA AS Accounting Unit 2 Financial And Management Accounting
Authors: Brendan Casey
1st Edition
1500684260?, 978-1500684266
