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Suppose you are expecting to receive a million British pounds in six months, and you agree to a forward trade to exchange your pounds for

Suppose you are expecting to receive a million British pounds in six months, and you agree to a forward trade to exchange your pounds for dollars.

If the spot exchange rate and the 180-day forward rate in terms of dollars per pound are $1.5861 = 1 and $1.5832 = 1, respectively, how many dollars will you get in six months? Is the pound selling at a discount or a premium relative to the dollar?

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