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Question
Which of the following instances indicates that the dollar is selling at a premium on the 30-day forward market?A.The spot exchange rate is currently $1 = 120 and changes to $1 = 130 after 30 days.
B.The spot exchange rate is currently $1 = 120 and changes to $1 = 110 after 30 days.
C.The current spot exchange rate is $1 = 120 and the 30-day forward rate is $1 = 110 after 30 days.
D.The current spot exchange rate is $1 = 120 and the 30-day forward rate is $1 = 130 after 30 days.
E.The current spot exchange rate is $1 = 120 and the 30-day forward rate is $1 = 120.
Answer
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