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 Euro?
A) 9.4%
B) -9.4%
C) 2.35%
D) -2.35%
Correct Answer:
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