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The spot rate of the British pound to the dollar is $ 1 . 1 5 . The 1 8 0 - day forward rate

The spot rate of the British pound to the dollar is $1.15. The 180-day forward rate is $1.17. Thus, the approximate annualized forward premium is _________blank.
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1.018%
3.571%
7.273%
3.478%

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