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7. Using Exhibit 5.4, calculate the one-, three-, and six-month forward premium or dis- count for the U.S. dollar versus the British pound using European

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7. Using Exhibit 5.4, calculate the one-, three-, and six-month forward premium or dis- count for the U.S. dollar versus the British pound using European term quotations. For simplicity, assume each month has 30 days. What is the interpretation of your results

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