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Suppose that the dollar-mark 6 months forward rate is $1.275/Mark. Suppose that the dollar-mark forward premium is 5%. Calculate the spot rate, $1=Mark_______ work to 4 decimal places.

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Tundexi

Answer:

$1 = 0.8039 Mark

Explanation:

Forward Rate = Spot rate * (1 +rate*180/360)

1.275 = Spot rate * (1 + 0.05*180/360)

Spot rate = $1.2439/Mark

Now we are asked rate per dollar

$1 = (1/1.2439)Mark

$1 = 0.8039 Mark

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