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Assume the spot rate of a currency is $.37 and the 180-day forward rate is $.36. The forward rate of this currency exhibits a ____

Assume the spot rate of a currency is $.37 and the 180-day forward rate is $.36. The forward rate of this currency exhibits a ____ of ____ on an annualized basis.

discount; 5.41 percent

premium; 5.41 percent

discount; 10.81 percent

premium; 6.52 percent

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