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From the quotes of foreign exchange market, your friend Steve wants to take your opinion. Steve wishes to buy Pound Sterling spot ( at $

From the quotes of foreign exchange market, your friend Steve wants to take your opinion. Steve wishes to buy Pound Sterling spot

(

at $

1.6965)

and sell Sterling forward for

180

days

(

at $

1.7399) .

What is the forward premium or discount on

180 -

day Sterling?

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