Calculate the premium or discount of the british pound in, Ask an Expert

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Calculate the premium or discount of the British pound in the forward market where the spot rate is $1.982 US per one pound and the 90 day forward rate is $1.967 US per one pound. Be sure that you calculate the percent amount of the premium or discount AND also identify the amount as either a premium or discount. Check figure: -0.0303 or -3.03%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92739986

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