You checked the €/$ exchange rate today and you found that one Dollar cost you €0.8214.When you checked the three months (90 day) €/$ forward exchange rate one dollar was trading at €0.8026.What is the annualized forward premium (discount) for the dollar?
A) 2.29%
B) -2.29%
C) 9.16%
D) -9.16%
Correct Answer:
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