Suppose a US bank quotes spot and 60-day forward rate on the euros to $1.0872- $1.0881, Determine
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Question:
Suppose a US bank quotes spot and 60-day forward rate on the euros to $1.0872- $1.0881,
Determine the bid-ask quotes on a 60-day forward.
Determine if there is a forward premium or discount.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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