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Consider the dollar-sterling exchange rate. Bid Ask Spot $1.4065 $1.4075 Forward Points 3-months 50 45 6-months 60 50 Is the dollar trading at a forward

Consider the dollar-sterling exchange rate.

Bid Ask

Spot $1.4065 $1.4075

Forward Points

3-months 50 45

6-months 60 50

Is the dollar trading at a forward premium or discount?

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