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
Related questions
Question
Based on the following table.
|
|
Bid
|
Ask
|
|
EURUSD 1M FWD
|
7.05
|
7.34
|
|
EURUSD 2M FWD
|
14.99
|
15.15
|
|
EURUSD 3M FWD
|
22.57
|
23.05
|
|
EURUSD 4M FWD
|
30.25
|
30.55
|
|
EURUSD 5M FWD
|
38.03
|
38.43
|
|
EURUSD 6M FWD
|
45.91
|
47.2
|
|
EUR/USD Spot
|
1.1320
|
1.1328
|
What is the average annualized forward premium/discount for the EUR if you use the 4M forward contract (Format for answer: X.XX% or –X.XX%)
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