### Annualized forward premium or discount on the british pound

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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)

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