Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 9 of 14
What is the annualized forward premium if € are selling for $1.2268 and the 180-day forward market rate is $1.2432?
B. -2.64%
C. 2.67%
A. 2.64%
B. -2.64%
C. 2.67%
User Contributed Comments 0
You need to log in first to add your comment.
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain the arbitrage relationship between spot and forward exchange rates and interest rates, calculate a forward rate using points or in percentage terms, and interpret a forward discount or premium
CFA® 2024 Level I Curriculum, Volume 1, Module 8.