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The spot lira/dollar exchange rate is 833 lira/S. The 3-month forward rate is 863 liralS. What is the lira's forward prenium (or discount) on the

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The spot lira/dollar exchange rate is 833 lira/S. The 3-month forward rate is 863 liralS. What is the lira's forward prenium (or discount) on the dollar, expressed as an annual rate? Select one: 14% discount X 4% premium C. 14% premium d. 4% discount

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