Multiple Choice
The 90-day forward rate for the euro is $1.07, while the current spot rate of the euro is $1.05. What is the annualized forward premium or discount of the euro?
A) 1.9 percent discount
B) 1.9 percent premium
C) 7.6 percent premium
D) 7.6 percent discount
Correct Answer:
Verified
Correct Answer:
Verified
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