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The Wall Street Journal reported the following spot and forward rates for the Swiss franc ( $ / SF ) . Spot $ 0 .

The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF).
Spot $ 0.8226
30-day forward $ 0.8552
90-day forward $ 0.8564
180-day forward $ 0.8611
a. Was the Swiss franc selling at a discount or premium in the forward market?
multiple choice
Discount
Premium Correct
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 340,000 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 $340,000. 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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