1/ Suppose that the 30-day forward rate on the euro is $1.58119, while the current spot rate is $1.5800.

Which of the following best approximates the forward premium on an annualized basis?(Hint: Only consider 12 30-day months. In other words, consider a year to be only 360 days.)

0.90%

0.80%

1.10%

1.20%