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Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.6245=1.00 and the 6-month forward rate is $1.5897=1.00.

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Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.6245=1.00 and the 6-month forward rate is $1.5897=1.00. Note: Use a 360-day year. The forward premium on the dollar is \%. (Round to four decimal places.)

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