(Determining the percent-per-annum premium or discount) (Related to Checkpoint 19.2 on page 646) You are in need of Swiss francs in six months, but before entering into a forward contract to buy them, you would like to know their premium or discount if the spot rate is 0.9772 and the forward six-month rate is 0.9783. Calculate the premium or discount from the existing spot rate for the six-month Swiss franc using the data given.