2. Barclays Bank of London has offered the following exchange rate quotes: 196.50/ and Korean won 13.7470/. What is the cross rate between the Korean won and the British pound? (Round answer to 2 decimal places, e.g. 15.25. Do not enter currency symbols in your answer.)

3.The spot rate on the London market is 0.5515/$, while the 90-day forward rate is 0.5596/$. 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.)