1. A call option on the EUR, with time to maturity of 3 months and strike price of 1.12 USD/EUR, is currently trading at a premium of 0.03 USD. If you buy call options on 80,000 EUR, and then at maturity the Euro is trading at 1.26 USD/EUR, what is your net profit from this position?
2. You observe that the spot price of the Swiss franc (CHF) is 1.17 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.