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NEED SOLVED IN NEXT 30MIN Given the information below, (a) Calculate the forward points and the forward rate and (b) State whether you would earn or...

NEED SOLVED IN NEXT 30MIN


Given the information below, 

(a) Calculate the forward points and the forward rate and 

(b) State whether you would earn or pay the points. 


You wish to buy EUR forward 211 days against the AUD. 


Euro AUD rates: 3.3 %

Euro EUR rates: 2.145 %

Spot: 1.39 EUR/AUD


NEED YOU TO ANSWER


Forward points Answer

 (round down your answer to the nearst decimal)

Forward rate Answer

 

Pay or earn points?

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Top Answer

Answers: Forward points Answer = 92.4 (rounded down the answer to... View the full answer

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