$28)28)$ For a U$.$S$.$trader working in American quotes, if the forward price is higher than the spot price A$)$ then you should buy at the spot, hold on to it and sell at the forward it's a built$-$in arbitrage. B$)$ the currency is trading at a discount in the forward market. the currency is trading at a premium in the forward market. D$)$ All of the options it really depends if you're talking American or European quotes. $29)29)$ The forward market A$)$ involves contracting today for the future purchase of sale of foreign exchange at the spot rate that will prevail at the maturity of the contract. B$)$ involves contracting today for the right but not obligation to the future purchase of sale of foreign exchange at a price agreed upon today. C$)$ involves contracting today for the future purchase of sale of foreign exchange at a price agreed upon today. D$)$ none of the options $30)30)$ The SF$/$$ spot exchange rate is SF$1\mathrm{.}25/$$ and the $180$ day forward exchange rate is SF$1\mathrm{.}30/$S$.$ The forward premium $($discount$)$ is A$)$ the dollar trading at a $4\%$ premium to the Swiss franc for delivery in $180$ days. B$)$ the dollar trading at a $4\%$ discount to the Swiss franc for delivery in $180$ days. the dollar trading at an $8\%$ discount to the Swiss franc for delivery in $180$ days. Dy the dollar trading at an $8\%$ premium to the Swiss franc for delivery in $180$ days. Bonus question $(3$ credits$)31)$ Answer questions based on excahnge rate quotations below. Deutsche Bank S:$$ Credit Lyonnais S$.$ Credit Agricole $/$E $$1\mathrm{.}2000/$ $$1\mathrm{.}0500/1\mathrm{.}1308/$ Ask $$1\mathrm{.}2500/$ $$1\mathrm{.}0510/1\mathrm{.}1905/1).$ Is there an arbitrate opporunity? Explain why. $2).$ If the arbitrage opporunity exists, how can you make money?