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samualson samualson
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5 years ago
The spot exchange rate is 1.57 dollars per pound. The 30-day forward exchange rate is .6211 pounds per dollar. Therefore, pounds in the forward market are selling at a ________ to the current spot rate.
A) .958 discount
B) .958 premium
C) .04 discount
D) .04 premium
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Foundations of Finance

Foundations of Finance


Edition: 9th
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guzmanguzman
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samualson Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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