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Using the information below to calculate the three-, and six-month forward premium or discount for US Dollar versus the British Pound using European term quotations.

Using the information below to calculate the three-, and six-month forward premium or discount for US Dollar versus the British Pound using European term quotations. Assume each month has 30 days. UK Pound in US$ per US$ Spot 1.1405 .8768 1-mos forward 1.1402 .8770 3-mos forward 1.1396 .8775 6-mos forward 1.1389 .8780 O 0.003159, 0.002810 O 0.003150, 0.003157 O 0.003157, 0.003157 O 0.002810, 0.003100

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