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You observe the following quotes: a ) Is the pound selling at a premium or at a discount to the dollar in the forward market?

You observe the following quotes:

)

Is the pound selling at a premium or at a discount to the dollar in the forward market?

)

Is the Swiss franc selling at a premium or at a discount to the dollar in the forward

market?

)

Calculate the percentage discount or premium for both currencies

(

using midpoints

) .

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