• 2022-06-18
    The spot rate of United States dollars is 1.59~1.60; the three month premium is 0.50~0.45 cents. What is the rate at which a UK bank would buy dollars under a three -month fixed forward contract
    A: 1. 5945
    B: 1. 5955
    C: 1. 6045
    D: 1. 6050