If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58%
B) 2.56%
C) 7.69%
D) 7.74%
A
Economics
You might also like to view...
Which of the following pairs of goods has a negative cross-price elasticity?
A) Pens and paper notebooks B) Nokia and Samsung cell phones C) Compact Disks (CDs) and electronic music files D) Motorcycles and typewriters
Economics
An open market _______ of $100 million of securities ______
A. purchase; increases bank reserves B. sale; increases bank reserves C. purchase; decreases the Fed's liabilities D. sale; increases the Fed's liabilities
Economics