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Given the following table, calculate the forward premium or discount. For each of the calculations above, mention clearly if it is a premium or a

Given the following table, calculate the forward premium or discount. For each of the calculations above, mention clearly if it is a premium or a discount.

Currency

SPOT Rate

90-day Forward rate

Discount/Premium?

British Pound

$1.3481

$1.3590

?

Japanese Yen

$0.0087

$0.0075

?

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