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Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $ 1 . 6 2 2 5 =

Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $

1.6225 = 1.00

and the

3 -

month forward rate is $

1.5851 = 1.00 .

Note: Use a

360 -

day year

The forward premium on the dollar is

% . (

Round to four decimal places.

)

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