You just read the following currency quotes (market convention) from the Wall Street journal: British Pound (): Spot Rate = 1.4 6-Month Forward Rate = 1.50 Determine the 6-month forward premium/discount on US$ (against ). -6.67% 7.14% 6.67% -7.14% Question You need to exchange your $ 600 to NZ$. The current spot rate is NZ $ 1.5/$ (book notation). How many NZ$ you can exchange for with your $ 600? NZS 600 NZ$ 900 NZ$ 400 NZS 800