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

Spot	$ 0.8207
30-day forward	$ 0.8514
90-day forward	$ 0.8545
180-day forward	$ 0.8592

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

multiple choice

Premium

Discount

What was the 30-day forward premium (or discount) percentage?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.

What was the 90-day forward premium (or discount) percentage?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.

Suppose you executed a 90-day forward contract to exchange 150,000 Swiss francs into U.S. dollars. How many dollars would you get 90 days hence?

Assume a Swiss bank entered into a 180-day forward contract with Bankers Trust to buy $150,000. How many francs will the Swiss bank deliver in six months to get the U.S. dollars?

Note: Round your answer to 2 decimal places.