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18. Suppose that the spot pound in dollars exchange rate is :$=1.45701.4576 and the six-month forward pound exchange rate is $/=1.44081.4434. a. Is the pound

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18. Suppose that the spot pound in dollars exchange rate is :$=1.45701.4576 and the six-month forward pound exchange rate is $/=1.44081.4434. a. Is the pound trading at a discount or at a premium relative to the dollar in the forward market? b. Compute the annualized forward discount or premium on the pound relative to the dollar

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