On May 29, 2020, the British pound had a spot rate of $1.5673 The 3-month forward rate of the pound was $1.5841 on that date. ? What is the forward premium or discount a. There is a forward discount of - O 4.29% .b. There is a forward premium of 4.29% .c. There is a forward premium of 3.15% O d. There is a forward discount of - .2.19%