Which of the following statements concerning the currencies is CORRECT?
A. The AUD is selling at a forward discount of 4.83%.
B. The AUD is selling at a forward premium of 3.21%.
C. The USD is selling at a forward premium of 2.82%.
D. The AUD is selling at a forward premium of 4.83%
Answer:B
Which of the following statements concerning the currencies is CORRECT?
A. The AUD is selling at a forward discount of 4.83%. B. The AUD is selling at a forward premium of 3.21%. C. The USD is selling at a forward premium of 2.82%. D. The AUD is selling at a forward premium of 4.83%