(Answered) The following are the quoted rates against the

Management Studies

The following are the quoted rates against the USD:

Quoted

180-day

Forward

Spot rate

rate

GBP/USD =

1.3000

1.3083

USD/EUR =

0.8585

0.8495

(Note: GBP/USD means one GBP expressed in terms of USD)

REQUIRED:

a. Compute the GBP/EUR cross rate for the spot and 180-day forward rates

b. Compute the annualized percentage premium or discount for the following:

i. GBP over USD

ii. EUR over USD

iii. USD over GBP

iv. USD over EUR

v. EUR over GBP

vi. GBP over EUR

(eg. for GBP over USD, is GBP a premium or discount over the USD?}

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