Answer: +119.0

The correct calculation for forward points is derived from the formula: (Forward Rate - Spot Rate) * 10,000. Here, (1.17240 - 1.1605) * 10,000 = 119.0. This represents the forward premium. Options A and B are incorrect as they use flawed formulas or calculations. The arbitrage relationship between spot and forward exchange rates ensures that the forward rate reflects the interest rate differential between the two currencies, preventing risk-free arbitrage opportunities.

Author: LeetQuiz Editorial Team