... 2 012 Foreign Exchange Quotes for GBP, May 24, 2 010 (See page 5) Bid Offer Spot 1. 4407 1. 4 411 1- month forward 1. 4408 1. 4 413 3-month forward 1. 4 410 1. 4 415 6-month forward 1. 4 416 1. 4422 Options, Futures, ... 17 .40 28.30 29.30 40.60 41. 30 520 9.00 9.30 19 .10 19 .90 31. 40 32.00 540 4.20 4.40 12 .70 13 .00 23 .10 24.00 560 1. 75 2 .10 7.40 8.40 16 .80 17 .70 Options, Futures, and Other Derivatives, 8th Edition, ... = S (1+ r )T where r is the 1- year (domestic currency) riskfree rate of interest In our examples, S = 14 00, T = 1, and r =0.05 so that F = 14 00 (1+ 0.05) = 14 70 Options, Futures, and Other Derivatives, ...