Assume the a current Spot rate is 11 EUR and the Forward rate is 07 EUR Calculate

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Question:

Assume the a current Spot rate is 11 EUR and the Forward rate is 07 EUR Calculate the resulting premium or discount Express your answer as a percentage rounded to the 1st decimal and without the sign For example if the answer is 00456 this is the same as a forward premium of 456 Thus you would enter 46 after rounding