Suppose the direct 90day forward quote for the Danish kroner in Frankfurt is given to you as

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Suppose the direct 90‑day forward quote for the Danish kroner in Frankfurt is given to you as EUR 0.2943 - 0.2957 / DKK and spot rate as EUR 0.2921 - 0.2948 / DKK.

Based on the bid or ask rates, which currency is at a forward-premium with respect to the other currency?

How much is this forward-premium?

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Global Investments

ISBN: 978-0321527707

6th edition

Authors: Bruno Solnik, Dennis McLeavey

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Posted Date: Jul 12, 2023 12:56 AM

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Suppose the direct 90day forward quote for the Danish kroner in Frankfurt is given to you as

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Answer a Forward premium is Forward rate Spot rate Using Bi... View the full answer

Global Investments

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