if spot rate is 1 UKP=$1.5763 and 90 days forward rate is 1 UKP = $1.5436 then what is the forward premium on $ ?
please solve this query as i m confused getting two answers 8.59% and 8.41%.
ABHISHEK JAIN (STUDENT) (25 Points)
17 December 2013if spot rate is 1 UKP=$1.5763 and 90 days forward rate is 1 UKP = $1.5436 then what is the forward premium on $ ?
please solve this query as i m confused getting two answers 8.59% and 8.41%.
naveen_sharma
(student )
(39 Points)
Replied 19 December 2013