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The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF). Spot $ 0.8221 30-day forward $ 0.8542 90-day forward

The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF).

Spot $ 0.8221

30-day forward $ 0.8542

90-day forward $ 0.8559

180-day forward $ 0.8606

a. Was the Swiss franc selling at a discount or premium in the forward market?

b. What was the 30-day forward premium (or discount) percentage? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

c. What was the 90-day forward premium (or discount) percentage? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

d. Suppose you executed a 90-day forward contract to exchange 290,000 Swiss francs into U.S. dollars. How many dollars would you get 90 days hence?

e. Assume a Swiss bank entered into a 180-day forward contract with Bankers Trust to buy $290,000. How many francs will the Swiss bank deliver in six months to get the U.S. dollars? (Round your answer to 2 decimal places.)

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