Question: Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.6011=1.00 and the 3month forward rate is $1.5633=1.00.

Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.6011=1.00 and the 3month forward rate is $1.5633=1.00. Note: Use a 360-day year. The forward premium on the dollar is \%. (Round to four decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
