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Given a spot exchange rate quote for USD/CHF at 1.5960-1.5970 and a 3-month forward quote for USD/CHF at 1.5932-1.5962, is CHF trading at a premium
Given a spot exchange rate quote for USD/CHF at 1.5960-1.5970 and a 3-month forward quote for USD/CHF at 1.5932-1.5962, is CHF trading at a premium or discount relative to USD? Compute the annualized forward discount/premium.
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