Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $ $1\mathrm{.}5781$ equals pound $1\mathrm{.}00$ and the $6-$month forward rate is $ $1\mathrm{.}5383$ equals pound $1\mathrm{.}00.$Note: Use a$360-$day year.

The forward premium on the dollar is $\_\_\_\_\_\_\_\_\%$