Question
Using the following exchange rates between US$ and , calculate the annual forward premium/discount of . Period Exchange Rate (/$) Spot 140 1 month 142
Using the following exchange rates between US$ and , calculate the annual forward premium/discount of . Period Exchange Rate (/$) Spot 140 1 month 142 2 months 144 10 months 172 The 10-month forward premium/discount is ____________% (Please keep the sign and at least two decimal places.)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
