You just read the following currency quotes (book notation): Spot Rate = US$ 1.25/ 3-Month Forward Rate = US$ 1.20/ Determine the 3-month forward premium/discount on (against US$). 4.17% 04.1796 4% -4% Question 2 6 p Determine how much US$ will appreciate or depreciate (in %) against Mex$ in the next 6 months with the following spot rates (book notation) Today Mex$ 18.9/$ 6 Months Later Mex$ 18/$ 4.769 C5% -4.76% -5%