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  3. 1. the following spot and 90-day forward quotes in

1. The following spot and 90-day forward quotes involving Australian dollars (A$) and United States...

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Finance

1. The following spot and 90-day forward quotes involving Australian dollars (A$) and United States dollars (U.S.$) are given:

Spot: A$1.3178 - 214/U.S.$

90-day: 17-41

Which of the following statements is correct? Show your working.

a) The forward discount to buy A$ is 0.52%

b) The forward premium to buy A$ is 1.24%

c) The forward discount to buy A$ is 1.24%

d) The forward premium to buy A$ is 0.52%

e) The forward premium to buy A$ is 0.13%

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