答案和详解如下： Q7. The forward rate on a 90-day contract is 5 DC/$ and the spot is 4 DC/$. The $ is trading at a forward: A) discount of 1.0. B) premium of 1.0. C) premium of 0.8. Correct answer is B) A foreign currency is at a forward premium if the forward rate expressed in dollars is above the spot rate. Forward premium = forward rate – spot rate = 5 − 4 = 1. Q8. If the forward rate expressed in domestic currency units is above the spot rate, then the foreign currency is at a: A) spot discount. B) forward premium. C) forward discount. Correct answer is B) A foreign currency is at a forward premium if the forward rate expressed in domestic currency is above the spot rate. Forward premium = forward rate – spot rate. Q9. Today, the spot rate on Japanese yen is $0.008000 and 180-day forward yen are priced at $0.008250. The annualized forward premium is: A) 6.250%. B) 3.125%. C) 6.060%. Correct answer is A) Forward premium = ($0.008250 − $0.008000) / $0.008000 × (360 / 180) = 0.0625 = 6.25%. | 
发表于 2009-1-13 11:52
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