Question: Using the following exchange rates between US$ and Australian $, calculate annual forward premium/discount Period Exchange Rate ($/) Spot 1.2200 2 month 1.2214 1.2224 5

Using the following exchange rates between US$ and Australian $, calculate

Using the following exchange rates between US$ and Australian $, calculate annual forward premium/discount Period Exchange Rate ($/) Spot 1.2200 2 month 1.2214 1.2224 5 months 12 months 1.2262 % (Please keep the sign and at The 12-month forward premium/discount is least two decimal numbers.)

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