The spot rate on the London market was £0.5434/$, while the 90-day forward rate was £0.5519/$. What is the annualized forward premium or discount on the U.S. dollar for the period? (Round your final answer to one decimal place.)
A) 1.6% premium
B) 6.3% premium
C) 6.3% discount
D) 1.6% discount
Correct Answer:
Verified
Q69: Kapona Industries has purchased equipment from a
Q70: Long-term debt sold by a foreign firm
Q71: The Euromarkets are
A) vast, largely unregulated money
Q72: Which of the following statements about Eurobonds
Q73: Xecor Pharma just received revenues of A$2,372,300
Q75: State Bank of India has offered a
Q76: Tamcon Industries has purchased equipment from a
Q77: Long-term debt instruments sold by firms to
Q78: The Eurocurrency market is the
A) medium-term portion
Q79: Dresdner Bank has offered the following exchange
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents