Multiple Choice
The one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. The forward ____ is ____ percent.
A) discount; 1.9
B) discount; 1.8
C) premium; 1.9
D) premium; 1.8
Correct Answer:
Verified
Correct Answer:
Verified
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