An analyst does research about currency exchange rate and gathers the following information about euro (€)/dollar($) exchange rates:
Relative to the dollar, the euro is best described as:()
A. weak, trading at an annualized forward discount of 6.17 percent.
B. weak, trading at an annualized forward discount of 6.20 percent.
C. p, trading at an annualized forward premium of 6.17 percent.