QUESTION 5 Suppose that spot pounds are selling at 961.7489, While 1-year forward pounds are selling at $1.723l. At the same time, NZD spot and 1-year forward rates are $0.6496 and $0.6189, respectively. According to these quotes the pound is selling at a 3.4% (p.a.) forward premium relative to the NZD NZD is selling at a 3.3% (p.a.) forward premium relative to the pound \" pound is selling at a 3.3% (p.a.) forward discount relative to the NZD NZD is selling at a 3.4% (p.a.) forward discount relative to the pound