Use the following information to answer questions 10-12.
Table 6.2: Spot and Forward Exchange Rates on May 5, 2012.
-Refer to Table 6.2.On May 5,2012,the 1-month forward pound was selling at a:
A) 9.52% premium per annum against the dollar.
B) 114.24% premium per annum against the dollar.
C) 9.52% discount per annum against the dollar.
D) 114.24% discount per annum against the dollar.
Correct Answer:
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The
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