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(Related to Checkpoint 19.1 and Checkpoint 19.2) (Determining the percent-per-annum premium or discount) You are in need of Canadian dollars in six months, but before entering a forward contract to buy them, you would like to know their premium or discount the existing spot rate. Calculate the premium or discount from the existing spot rate for the 6-month Canadian dollar as of December 26, 2012 using the data given in the following table The from the existing Canadian dollar spot rate is % (Select from the drop-down menu and round to four decimal places) Data table Country/Currency Canada dollar 6-mos forward Japan yeni 6-mos forward Switzerland franc 6 mos forward UK pound 6-mos forward In US$ 0.9700 0.9689 0.010798 0.010803 0.9772 09783 16028 16008 Per USS 1.0309 1.0321 92 6097 92 5669 10233 10222 0 6239 06247 - X D

(Related to Checkpoint 19.1 and Checkpoint 19.2) (Determining the percent-per-annum premium or discount) You are in need of Canadian dollars in six months, but before entering a forward contract to buy them, you would like to know their premium or discount the existing spot rate. Calculate the premium or discount from the existing spot rate for the 6-month Canadian dollar as of December 26, 2012 using the data given in the following table The from the existing Canadian dollar spot rate is % (Select from the drop-down menu and round to four decimal places) Data table Country/Currency Canada dollar 6-mos forward Japan yeni 6-mos forward Switzerland franc 6 mos forward UK pound 6-mos forward In US$ 0.9700 0.9689 0.010798 0.010803 0.9772 09783 16028 16008 Per USS 1.0309 1.0321 92 6097 92 5669 10233 10222 0 6239 06247 - X D

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
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am. 216.

(Related to Checkpoint 19.1 and Checkpoint 19.2) (Determining the percent-per-annum premium or discount) You are in need of Canadian dollars in six months, but before entering a forward contract to buy them, you would like to know their premium or discount ! the existing spot rate. Calculate the premium or discount from the existing spot rate for the 6-month Canadian dollar as of December 26, 2012 using the data given in the following table The from the existing Canadian dollar spot rate is % (Select from the drop-down menu and round to four decimal places) Data table Country/Currency Canada dollar 6-mos forward Japan yen 6-mos forward Switzerland franc 6 mos forward UK pound 6-mos forward Print In US$ 0.9700 0.9689 0.010798 0 010803 0.9772 09783 16028 16008 T Done Per USS 1.0309 10321 92.6097 92 5669 1.0233 1.0222 0 6239 0 6247 - X
Transcribed Image Text:(Related to Checkpoint 19.1 and Checkpoint 19.2) (Determining the percent-per-annum premium or discount) You are in need of Canadian dollars in six months, but before entering a forward contract to buy them, you would like to know their premium or discount ! the existing spot rate. Calculate the premium or discount from the existing spot rate for the 6-month Canadian dollar as of December 26, 2012 using the data given in the following table The from the existing Canadian dollar spot rate is % (Select from the drop-down menu and round to four decimal places) Data table Country/Currency Canada dollar 6-mos forward Japan yen 6-mos forward Switzerland franc 6 mos forward UK pound 6-mos forward Print In US$ 0.9700 0.9689 0.010798 0 010803 0.9772 09783 16028 16008 T Done Per USS 1.0309 10321 92.6097 92 5669 1.0233 1.0222 0 6239 0 6247 - X
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