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You just read the following currency quotes (market convention) from the Wall Street journal: British Pound (): Spot Rate = 1.4 6-Month Forward Rate =

You just read the following currency quotes (market convention) from the Wall Street journal: British Pound (): Spot Rate = 1.4 6-Month Forward Rate = 1.50 Determine the 6-month forward premium/discount on US$ (against ). -6.67% 7.14% 6,67% - 7.14%

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