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Question - The Wall street Journal reported the following spot and forward rates for Swiss Franc ($/SF)
Spot $0.8202
30-day forward $0.8244
90-day forward $0.8295
180-day forward $0.8343
a) Was the 30 - day forward a discount or premium?
b) Suppose you executed a 90 day forward contract to exchange 100,000 Swiss Francs (SF) into U.S. dollars. How many dollars would you get 90 days hence?
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