Annualized forward premium or discount on the british pound

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Reference no: EM132235062

The spot rate on the London market is £0.5560/$, while the 90-day forward rate is £0.5581/$. What is the annualized forward premium or discount on the British pound? (Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.)

Forward premium or (discount)

Reference no: EM132235062

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