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For a U.S. trader working in American quotes, if the forward price is higher than the spot price A. the currency is trading at a premium in the forward market. B. the currency is trading at a discount in the forward market. C. then you should buy at the spot, hold on to it and sell at the forward Ts a built-in arbitrage. D. all of the above—it really depends if you're talking American or European Quotes.
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