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