Multiple Choice
If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180-day forward rate is 5.97 shekels per dollar, then the forward rate for the Israeli shekel is selling at a ______________ to the spot rate.
A) 6.09% premium
B) 6.76% premium
C) 7.51% discount
D) 8.35% discount
E) 9.18% discount
Correct Answer:
Verified
Correct Answer:
Verified
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