The table above presents information available on a given date that is 1.20 months before the expiration for the June contract. Estimate the Swiss Franc spot price in USD per CHF on that given date.

a.$1.0914

b. $1.0835

c. $1.0765

d. $1.0728

2.

A continuously compounded interest rate is 12%. Determine the equivalent rates with both annual and semi-annual and monthly compounding. Approximate to one decimal.

		Rates with annual, semi-annual and monthly compounding are: 12.1%, 12.4%, and 12.7%, respectively.
		Rates with annual, semi-annual and monthly compounding are: 12.7%, 12.4%, 12.1%, respectively.
		Rates with annual, semi-annual and monthly compounding are: 12.7%, 12.1%, and 12.4%, respectively.
		Rates with annual, semi-annual and monthly compounding are: 12.9%, 12.7%, and 12.3%, respectively.

Open High Low Prior settlement Last trade Change Volume Swiss Franc, USD per CHF, 125,000 CHF June 2015 1.0781 1.0935 1.0770 1.0782 1.0924 +0.0142 18,325 Sept. 2015 1.0899 1.0975 1.0899 1.0824 1.0965 +0.0141 17 Open High Low Prior settlement Last trade Change Volume Swiss Franc, USD per CHF, 125,000 CHF June 2015 1.0781 1.0935 1.0770 1.0782 1.0924 +0.0142 18,325 Sept. 2015 1.0899 1.0975 1.0899 1.0824 1.0965 +0.0141 17