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The spot rate on the London market was 0.5434/S, while the 90-day forward rate was 0.5519/$. What is the annualized forward premium or discount on

The spot rate on the London market was 0.5434/S, while the 90-day forward rate was 0.5519/$. What is the annualized forward premium or discount on the U.S. dollar for the period? (Round your final answer to one decimal place.)

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