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Suppose the spot exchange rate is S/$ = 6.6635, the 1-month forward exchange rate is F/$ =6.5885, the annual interest rate of yuan deposit is

Suppose the spot exchange rate is S/$ = 6.6635, the 1-month forward exchange rate is F/$ =6.5885, the annual interest rate of yuan deposit is 2.61% and the annual interest rate of dollar deposit is 0.19%.

What's the yearly forward premium or discount of CNY? ______% (Please keep 4 decimal places)

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