Question: The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF) in June of 2009:
![1140_Spot.png](https://secure.tutorsglobe.com/CMSImages/1140_Spot.png)
a. Was the Swiss franc selling at a discount or premium in the forward market?
b. What was the 30-day forward premium (or discount)?
c. What was the 90-day forward premium (or discount)?
d. Suppose you executed a 90-day forward contract to exchange 100,000 Swiss francs into U.S. dollars. How many dollars would you get 90 days hence?
e. Assume a Swiss bank entered into a 180-day forward contract with Citicorp to buy $100,000. How many francs will the Swiss bank deliver in six months to get the U.S. dollars?