Kizspy | Question: 16
(Choose 1 answer)
If the spot rate of the Israel shekel is $.32 and the six-month forward rate is $.30, what is the forward premium or discount on an annual basis?
A. discount; 11.5%
B. premium; 11.5%
C. premium; 12.5%
D. discount; 12.5%
E. premium; 22.5%
