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Forward premium: a) The current price of a pound in Toronto is 1.2345. The 30 days price of the pound in Toronto's forward market is

Forward premium:

a) The current price of a pound in Toronto is 1.2345. The 30 days price of the pound in Toronto's forward market is 1.1357. What is the annualized forward premium for Canarian dollars?

b) Spot and 60 days forward dollar indirect quotes for yen are 100.2468 and 101.0305. What is the annualized dollar forward premium?

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