Multiple Choice
Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2018 at a
A) Forward contract discount $ 600.
B) Forward contract premium $ 600.
C) Forward contract discount $ 980.
D) Forward discount premium $ 980.
E) There is no premium or discount because the fair value of the contract is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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