Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $$1\mathrm{.}6073=1\mathrm{.}00$ and the

$3-$month forward rate is $$1\mathrm{.}5447=1\mathrm{.}00.$ Note: Use a $360-$day year.

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

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

The positive premium indicates that the pound is selling forward at a

to the dollar, and simultaneously, the dollar is

selling forward at a

to the pound. That is$,$ the forward rate requires fewer U$.$S$.$ dollars in exchange for pounds than the

current spot rate.Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $$1\mathrm{.}6073=1\mathrm{.}00$ and the

$3-$month forward rate is $$1\mathrm{.}5447=1\mathrm{.}00.$ Note: Use a $360-$day year.

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

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

The positive premium indicates that the pound is selling forward at a

to the dollar, and simultaneously, the dollar is

selling forward at a

to the pound. That is$,$ the forward rate requires fewer U$.$S$.$ dollars in exchange for pounds than the

current spot rate.