Using the table below to answer question a-c Country ...

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Finance

Using the table below to answer question a-c

Country

In US $

UK Pound (spot)

2.0000

1-mos forward

2.0100

3-mos forward

2.0200

6-mos forward

2.0300

Euro (spot)

1.5000

1-mos forward

1.5100

3-mos forward

1.5200

6-mos forward

1.5300

What is the spot cross-exchange rate between pounds and euro?

What is the 6-month forward cross-exchange rate between pounds and euro?

What is 3-month forward premium or discount (expressed as an annual percentage rate) for the UK pound in terms of U.S. dollars (assuming 90 days for the 3-month forward)?

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