The one-year forward rate of the British pound is quoted at $1.20, and the spot rate of the British pound is quoted at $1.23. The forward ____ is ____ percent.
A) discount; 2.5
B) discount; 2.4
C) premium; 2.5
D) premium; 2.4

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The Answer of The one-year forward rate of the British pound is quoted at $1.20, and the spot rate of the British pound is quoted at $1.23. The forward ____ is ____ percent.
A) discount; 2.5
B) discount; 2.4
C) premium; 2.5
D) premium; 2.4

The One-Year Forward Rate of the British Pound Is Quoted