Spot rate: Given that the spot rate is $1.5136/€ and the 90-day forward quote is $1.4974/€, we can say that
A) the U.S. dollar is at a forward premium against the euro.
B) the U.S. dollar is at a forward discount against the euro.
C) the euro is at a forward premium against the U.S. dollar.
D) the dollar is at neither a premium nor a discount against the euro.
Correct Answer:
Verified
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