Question: Using the table below, calculate the one three and six-month forward premium or discount for the UK pound versus the US dollar sing Americano quotations

Using the table below, calculate the one three and six-month forward premium or discount for the UK pound versus the US dollar sing Americano quotations For simply assume each month has 30 days What is the interpretation of your results? Exchange rates US dollar foreign exchange rates in US Por US UK pound14402 06044 1-TIOS 1orward 1.4403 0.0943 3-mos forward 1.4407 0.6941 6-mos forward 1.4416 0.6937 Yen Japan 0009172 109.03 1-mos forward 0009179 108.94 3. mos forward 0.000108 108.72 6-mos forward 0.000230 108 34

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