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Calculate the forward discount of the euro against the dollar (the dollar is the home currency) if the spot rate is $ 1.6257 divided by

Calculate the forward discount of the euro against the dollar (the dollar is the home currency) if the spot rate is

$ 1.6257 divided by pound$1.6257/

and the

66-month

forward rate is

$ 1.6045 divided by pound$1.6045/.

Note: Use a 360-day year.

The forward premium on the dollar is

nothing%

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