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Question: Andrew Broszio just started as an analyst for Credit Suisse in Zurich, Switzerland. He receives the following quotes for Swiss francs against the dollar for spot and 3-months forward.

Spot exchange rate:

Bid rate: SF 1.2575/$

Ask rate: SF 1.2585/$

And

3-months forward: 14 to 22 points

1) The mid spot rate is SF ( ) /$. ( In 4 decimals)

2) The mid rate for 3-month forward is SF( ) /$. ( In 4 decimals)

3) The annual forward premium/discount for 3-month forward based on mid rates is( ) %. ( In 2 decimals)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92771864

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