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calculate the six-month forward premium or discount for the Swiss franc versus the U.S. dollar. For simplicity, assume each month has 30 days. (X.XX%) or (-X.XX%)

calculate the six-month forward premium or discount for the Swiss franc versus the U.S. dollar. For simplicity, assume each month has 30 days. (X.XX%) or (-X.XX%)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Using Exhibit 5.7, calculate the six-month forward premium or discount for the Swiss franc versus the U.S. dollar. For simplicity, assume each month has 30 days. (X.XX%) or (-X.XX%) 

**Exhibit 5.7: Exchange Rates** --- **Currencies: U.S. Dollar Foreign-Exchange Rates in Late New York Trading (April 3, 2019)** --- ### Americas - **Argentina peso** - In US$: .0233 - Per US$: 42.854 - **Brazil real** - In US$: .2583 - Per US$: 3.8715 - **Canada dollar** - In US$: .7499 - Per US$: 1.3345 - **Chile peso** - In US$: .001500 - Per US$: 667.00 - **Colombia peso** - In US$: .000320 - Per US$: 3123.6 - **Ecuador US dollar** - **Dollarized currency** - **Mexico peso** - In US$: .0520 - Per US$: 19.220 - **Peru new sol** - In US$: .3054 - Per US$: 3.296 - **Uruguay peso** - In US$: .02965 - Per US$: 33.4300 ### Asia-Pacific - **Australian dollar** - In US$: .7113 - Per US$: 1.4060 - 1-mo forward: .7117 / 1.4051 - 3-mos forward: .7122 / 1.4041 - 6-mos forward: .7139 / 1.4008 - **China yuan** - In US$: .1493 - Per US$: 6.697 - **Hong Kong dollar** - In US$: .1275 - Per US$: 7.843 - **India rupee** - In US$: .01447 - Per US$: 69.09 - **Indonesia rupiah** - In US$: .0000703 - Per US$: 14216 - **Japan yen** - In US$: .008992 - Per US$: 111.20 - 1-mo forward: .008964 / 111.50 - 3-mos forward: .008892 / 112.45 - 6-mos
Transcribed Image Text:**Exhibit 5.7: Exchange Rates** --- **Currencies: U.S. Dollar Foreign-Exchange Rates in Late New York Trading (April 3, 2019)** --- ### Americas - **Argentina peso** - In US$: .0233 - Per US$: 42.854 - **Brazil real** - In US$: .2583 - Per US$: 3.8715 - **Canada dollar** - In US$: .7499 - Per US$: 1.3345 - **Chile peso** - In US$: .001500 - Per US$: 667.00 - **Colombia peso** - In US$: .000320 - Per US$: 3123.6 - **Ecuador US dollar** - **Dollarized currency** - **Mexico peso** - In US$: .0520 - Per US$: 19.220 - **Peru new sol** - In US$: .3054 - Per US$: 3.296 - **Uruguay peso** - In US$: .02965 - Per US$: 33.4300 ### Asia-Pacific - **Australian dollar** - In US$: .7113 - Per US$: 1.4060 - 1-mo forward: .7117 / 1.4051 - 3-mos forward: .7122 / 1.4041 - 6-mos forward: .7139 / 1.4008 - **China yuan** - In US$: .1493 - Per US$: 6.697 - **Hong Kong dollar** - In US$: .1275 - Per US$: 7.843 - **India rupee** - In US$: .01447 - Per US$: 69.09 - **Indonesia rupiah** - In US$: .0000703 - Per US$: 14216 - **Japan yen** - In US$: .008992 - Per US$: 111.20 - 1-mo forward: .008964 / 111.50 - 3-mos forward: .008892 / 112.45 - 6-mos
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