The spot rate on the London market is 0.5514/$, while the 90-day forward rate is 0.5589/$. What

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The spot rate on the London market is £0.5514/$, while the 90-day forward rate is £0.5589/$. What is the annualized forward premium or discount on the British pound?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:46 AM

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The spot rate on the London market is 0.5514/$, while the 90-day forward rate is 0.5589/$. What

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The British pound is at a forward discount aga...View the full answer

Fundamentals of corporate finance

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