Forward Premium on the British Pound. Calculate the forward premium on the British Pound if the spot rate is $$1\mathrm{.}3099=1\mathrm{.}00$ and the $3-$month forward rate is $$1\mathrm{.}2096=1\mathrm{.}00.$ Note: Use a $360-$day year.

The forward premium on the British Pound is $\%.($Round to four decimal places.$)$

$($Select from the drop$-$down menus.$)$

The British Pound would be selling forward at a against the dollar, or equivalently, the dollar selling forward against the British Pound at a