Table $11\mathrm{.}4.$ Forward Exchange Rates

U$.$S$.$ Dollar Equivalent

Wednesday.

Tuesday.

Switzerland $($Franc$)$

$\mathrm{.}6598$

$\mathrm{.}6590$

$30-$day Forward

$\mathrm{.}6592$

$\mathrm{.}6585$

$90-$day Forward

$\mathrm{.}6585$

$\mathrm{.}6578$

$180-$day Forward

$\mathrm{.}6577$

$\mathrm{.}6572$

Refer to Table $11\mathrm{.}4.$ On Wednesday, the $30-$day forward franc was selling at a:

$1$ percent premium per annum against the dollar

$2$ percent premium per annum against the dollar

$1$ percent discount per annum against the dollar

$2$ percent discount per annum against the dollar