Suppose that the U.S. dollar-pound sterling spot exchange rate equals e= $1.60/, while the 360-day forward rate is f 12 = $1.64/. The yield on a one-year U.S. Treasury bill is i ($) = 9% and on a one-year U.K. Treasury bill the yield is i () = 8%. d. Is pound sterling selling at a forward premium or discount versus the U.S. dollar? Compute this value.