Suppose the current spot exchange rate between the US dollar $($USD$)$ and the British pound $($GBP$)$ is $1$ USD$=0\mathrm{.}75$ GBP The one$-$year forward rate for USD$/$GBP is $1$ USD$=0\mathrm{.}72$ Sp The forward premium or discount for the USD relative to the GBP Interpret the result in terms of market expectations. $[5][5]$ Last year a dollar was equal to $7$ Swedish kronor, and a Polish z$$oty was equal to $$0\mathrm{.}40.$ Today, the dollar is equal to $8$ Swedish kronor and a Polish zloty is equal to $$0\mathrm{.}44.$ By what percentage did the cross$-$exchange rate of the Polish z$$oty in Swedish kronor $($that is$,$ the number of kronor that can be purchased with one zloty$)$ change over the last year?