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The spot rate on the London market is 0.5500/$, while the 90-day forward rate is 0.5579/$. What is the annualized forward premium or discount on

The spot rate on the London market is 0.5500/$, while the 90-day forward rate is 0.5579/$. What is the annualized forward premium or discount on the British pound? (Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.)

Please write out the equation. I am trying to teach myself.

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