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The spot rate of the British pound to the dollar is 1.61 ($/). The 180 day forward rate is $1.70, the annualized forward premium is:

The spot rate of the British pound to the dollar is 1.61 ($/). The 180 day forward rate is $1.70, the annualized forward premium is: (Use 360 days a year for calculations. Round your answer to 3 decimal places.)

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