Looking for more tutorials?

Tutorial 17769

WITH STEPS If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180-day forward rate is 5.97 shekels per dollar, then the forwar...

argument
Earnings: $ 1725.78
Tutorials: 572
$15 Per/hour
Reviews: 9


Question:

WITH STEPS 

If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180-day forward rate is 5.97 shekels per dollar, then the forward rate for the Israeli shekel is selling at a ________________ to the spot rate.

a. premium of 8%

b. premium of 18%

c. discount of 18%

d. discount of 8%

e. premium of 16%

 

 

ATTACHMENTS