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The exchange rates between the pound sterling and the dollar are listed in the following: Spot: $1.50 1-month: $1.52 3-month: $1.55 6-month: $1.60 What is

The exchange rates between the pound sterling and the dollar are listed in the following:

Spot: $1.50

1-month: $1.52

3-month: $1.55

6-month: $1.60

What is the annualized forward percentage discount/premium on the 6-month forward pound?

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