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Bank of America quoted the 180-day forward rate on the Swiss franc at $1.0196/SF. The...

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Finance

Bank of America quoted the 180-day forward rate on the Swiss franc at $1.0196/SF. The spot rate was quoted at $0.9993/SF. What is the forward premium or discount on the Swiss franc? (Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.) Forward premium or (discount) %
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Bank of America quoted the 180-day forward rate on the Swiss franc at $1.0196/ SF. The spot rate was quoted at $0.9993/SF. What is the forward premium or discount on the Swiss franc? (Round answer to 2 decimal places, eg. 17.54\%. Use 360 days for calculation.) Forward premium or (discount) %

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