Question: This is a problem solving question. Please do NOT use the answer box and you must emai to the professor. The following is an excerpt

This is a problem solving question. Please do NOT use the answer box and you must emai to the professor. The following is an excerpt from the Wall Street Journal online. US dollar foreign exchange rates in late New York Trading Country/currency In US$ Per US$ Switzerland franc 1-mos forward 3-mos forward 6-mos forward 1,0787 1.0791 1.0798 1.0811 0.9270 0.9267 0.9261 0.9250 USS vs. YTD chg %) 13 13 1.3 14 a. What is the spot exchange rate in direct quotation? b. What is the spot exchange rate in indirect quotation? c. What is the 6-month premium or discount (expressed as an annual percentage rate) for the Swiss Franc?

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