The forward premium on the brazilian real brl is 87 and the


You observe that the spot price of the Swiss franc (CHF) is 1.09 USD/CHF, and that the 1 year forward rate is 1.17 USD/CHF. What is the percent forward premium? Enter answer as percent, accurate to 2 decimal places.

_________

The forward premium on the Brazilian real (BRL) is 8.7%, and the 1 year forward rate is 0.43 USD/BRL. What must be the current spot rate for USD/BRL?

Enter answer accurate to 4 decimal places.

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Financial Management: The forward premium on the brazilian real brl is 87 and the
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