If the spot rate of the israeli shekel is 5.51 shekels per, Ask an Expert

Finance

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. premium of 8%
B. premium of 18%
C. discount of 18%
D. discount of 8%
E. premium of 16%

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9280883

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