5. The forward rate Suppose the selling price of three-month forward British pounds is $1.5134 per pound, and the spot price is $1.5139 per pound. Complete the following formula for the per annum percentage premium (or discount) to calculate what the pound is worth in the three-month forward market. against the U.S. dollar, because it is worth in the three-month forward market than in the Therefore, the British pound is at a spot market. Attempts Keep the Highest / 2 5. The forward rate Suppose the selling price of three-month forward British pounds is $1.5134 per pound, and the spot price is $1.5139 per pound. Complete the following formula for the per annum percentage premium (or discount) to calculate what the pound is worth in the three-month forward market. more 1.5134-1.5139 1.5134 3 12 = -0.00159 less Therefore, the British pound is at a premium against the U.S. dollar, because it is worth in the three-month forward market than in the spot market