Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward points.Complete the following table: $$\begin{array} { | c | c | c | }
\hline \text { Spot } & \text { Farvird Paint Quntations } & 1.9072 - 1.9077 \
\hline \text { One-morth } & 32 - 30 & \
\hline \text { Three-mont } & 57 - 54 & 1.9015 - 1.9023 \
\hline \text { Six-rmorth } & 145 - 138 & 1.8927 - 1.8939 \
\hline
\end{array}$$

Question

Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward points.Complete the following table: $$\begin{array} { | c | c | c | } 
\hline \text { Spot } & \text { Farvird Paint Quntations } & 1.9072 - 1.9077 \
\hline \text { One-morth } & 32 - 30 & \
\hline \text { Three-mont } & 57 - 54 & 1.9015 - 1.9023 \
\hline \text { Six-rmorth } & 145 - 138 & 1.8927 - 1.8939 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The forward points for one-month are 32 - 30. Subtract these from the spot rate (1.9072 - 1.9077) to get the forward rate: 1.9040 - 1.9047.

Bank Dealers in Conversations Among Themselves Use a Shorthand Notation