$41$

Multiple Choice

$2$ points

If the spot rate of the Israeli shekel is $5\mathrm{.}51$ shekels per dollar and the $180-$day forward rate is $5\mathrm{.}76$ shekels per dollar, then the forward rate for the Israeli shekel is selling at a$($n$)$

$q,$ to the spot rate.

$3\mathrm{.}68\%$ premium

$372\%$ premium

$4\mathrm{.}99\%$ discount

$4\mathrm{.}54\%$ discount

$5\mathrm{.}58\%$ discount