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QUESTION 1 The current spot rate for the British pound in terms of US dollars is $1.533 and the 180 day forward rate is $1.508.

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QUESTION 1 The current spot rate for the British pound in terms of US dollars is $1.533 and the 180 day forward rate is $1.508. Relative to the pound, the dollar is trading closest to a 180-day forward: discount of 1.66%. premium of 1.66%. premium of 1.63% discount of 1.63%. o

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