1.Given the table below, calculate both the 30-days and annualized premium / discount distinguishing between the two.

Country 1 : Argentina (Peso)

Closing mid-point spot rate : 4.0815

3-month forward : 4.1075

Country 2 : Australian (Australian $)

Closing mid-point spot rate : 0.9270

3-month forward : 1.0728

Country 3 : U.K. pound

Closing mid-point spot rate : 1.5450

3-month forward : 1.5843

Country 4 : Euro (Euro)

Closing mid-point spot rate : 1.4726

3-month forward : 1.4543

Country 5 : Canada (Canadian $)

Closing mid-point spot rate : 0.9655

3-month forward : 0.9572

Figure 1 Selected currency trading exchange rates. "Currency Markets: Dollar Spot Forward Against the Dollar and Dollar Against Other Currencies"