Assume that the Eurozone risk-free interest rate on bonds with one year to maturity is 4.78 percent

Question:

Assume that the Eurozone risk-free interest rate on bonds with one year to is 4.78 percent and the U.S. risk-free interest rate on one-year bonds is 3.15 percent. The current is SO.90 per euro. Assume that the United States is the domestic country.
a) Calculate the one-year forward Is the euro trading at forward premium or discount?
c) Is your answer to part (b) consistent with interest rate parity? Explain.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...