(24)
(Choose 1 answer)
A. premium; about 14.5%
If the spot rate of the Malaysian ringgit is $.30 and the six-month forward rate of the ringgit is $.32, what is the forward premium or discount on an annual basis?
B. discount; about 14.5%
C. premium; about 13.3%
D. discount, about 13.3%
E. premium; about 16.7%
Exll
