用的是midpoint算吗

NO.PZ202106160100000105 问题如下 Baseon Exhibit 2, Unrwooshoulconclu ththree-month EUR Libor is: A.below three-month GLibor. B.equto three-month GLibor. C.above three-month GLibor. A is correct.The positive forwarpoints for the GBP/EUR pair shown in Exhibit 2 incates ththe EUR tras a forwarpremium all maturities, inclung three months. Covereinterest rate parityFGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​)suggests a forwarrate greater ththe spot rate requires a non-mestic risk-free rate (in this case, the GLibor) greater ththe mestic risk-free rate (EUR Libor). When covereinterest rate parity is violate trars cstep in anconarbitrage.考点Interest rate parity解析根据利率平价理论，我们可以得到如下公式FGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​)现在根据表二，上式左边大于右边。因此，上式右边括号里的数值一定大于1。所以该项中分子的利率要大于分母处的利率。所以选 应该如何使用图2表中的forwarpoint计算汇率呢？

NO.PZ202106160100000105 问题如下 Baseon Exhibit 2, Unrwooshoulconclu ththree-month EUR Libor is: A.below three-month GLibor. B.equto three-month GLibor. C.above three-month GLibor. A is correct.The positive forwarpoints for the GBP/EUR pair shown in Exhibit 2 incates ththe EUR tras a forwarpremium all maturities, inclung three months. Covereinterest rate parityFGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​)suggests a forwarrate greater ththe spot rate requires a non-mestic risk-free rate (in this case, the GLibor) greater ththe mestic risk-free rate (EUR Libor). When covereinterest rate parity is violate trars cstep in anconarbitrage.考点Interest rate parity解析根据利率平价理论，我们可以得到如下公式FGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​)现在根据表二，上式左边大于右边。因此，上式右边括号里的数值一定大于1。所以该项中分子的利率要大于分母处的利率。所以选 老师这个问的思路能不能讲解一下，谢谢。

equto three-month GLibor. above three-month GLibor. A is correct. The positive forwarpoints for the GBP/EUR pair shown in Exhibit 2 incates ththe EUR tras a forwarpremium all maturities, inclung three months. Covereinterest rate parity FGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​) suggests a forwarrate greater ththe spot rate requires a non-mestic risk-free rate (in this case, the GLibor) greater ththe mestic risk-free rate (EUR Libor). When covereinterest rate parity is violate trars cstep in anconarbitrage. 考点Interest rate parity 解析根据利率平价理论，我们可以得到如下公式 FGBP/EUR=Sf/1+iGBP[Actual360]1+iEUR[Actual360])F_{\mathrm{GBP}/\mathrm{EUR}}=S_{f/{(\frac{1+i_{\mathrm{GBP}}{\lbrack\frac{Actual}{360}\rbrack}}{1+i_{\mathrm{EUR}}{\lbrack\frac{Actual}{360}\rbrack}})}FGBP/EUR​=Sf/(1+iEUR​[360Actual​]1+iGBP​[360Actual​]​) 现在根据表二，上式左边大于右边。因此，上式右边括号里的数值一定大于1。所以该项中分子的利率要大于分母处的利率。所以选这道题的解题时路是？