Kizspy Question: 10
(Choose 1 answer)
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?
A. premium; about 14.5%
B. discount; about 14.5%
C. premium; about 13.3%
D. discount; about 13.3%
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E. premium; about 16.7%
