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The Wall street Journal reported the following spot and forward rates for Swiss Franc ($/SF) Spot $0.8202 30-day forward $0.8244 90-day forward $0.8295 180-day forward

The Wall street Journal reported the following spot and forward rates for Swiss Franc ($/SF)

Spot $0.8202

30-day forward $0.8244

90-day forward $0.8295

180-day forward $0.8343

a) Was the 30 - day forward a discount or premium?

b) Suppose you executed a 90 day forward contract to exchange 100,000 Swiss Francs (SF) into U.S. dollars. How many dollars would you get 90 days hence?

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