lenny_chen

x

hitman1986

1

gary1111

thnx

cyyap1011

thanks

luck

[em02]

mayanfang1

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%.