Question: Please explain the proper steps to calculate this problem. Q14. Based on the follwing table. What is the average annualized forward pemium/discount for the EUR
Please explain the proper steps to calculate this problem.

Q14. Based on the follwing table. What is the average annualized forward pemium/discount for the EUR if you suse the 3M forward contract (Format for answer: X.XX% OR-X.XX%) Ask -0.1000 0.0400 -1.6500 -0.0200 -455000 -4.0000 -0.0700 -6.7500 -9.1500 Name EUR USD 01M Forward EUR USD 01W Forward EUR USD 02M Forward EUR USD 02W Forward EUR USD 02Y Forward EURUSD 03M Forward EUR USD 03W Forward EUR USD 04M Forward EURUSD 5M Forward EURUSD 06M Forward EUR USD 07M Forward EUR USD 08M Forward EURUSD 0M Forward EUR USD 10M Forward EUR USD 11M Forward EURUSD 12M Forward EURUSD 18M Forward EUR USD ON Forward EURUSD SN Forward EURUSD Spot Bid -0.4000 -0.3100 -2 1500 -0.2700 -73.7500 4.6000 -0.3200 -7.5000 - 10.1500 - 13.3000 - 15.6500 -18.7000 -23.7000 -25.3500 -29.8000 -30.5000 -54.1800 -0.3400 -0.0800 1.3352 -9.4000 (a) - 14.1500 - 16.7500 -19.4000 -225000 -263500 -25.8000 -415800 -0.0300 -0.0300 13356 Q14. Based on the follwing table. What is the average annualized forward pemium/discount for the EUR if you suse the 3M forward contract (Format for answer: X.XX% OR-X.XX%) Ask -0.1000 0.0400 -1.6500 -0.0200 -455000 -4.0000 -0.0700 -6.7500 -9.1500 Name EUR USD 01M Forward EUR USD 01W Forward EUR USD 02M Forward EUR USD 02W Forward EUR USD 02Y Forward EURUSD 03M Forward EUR USD 03W Forward EUR USD 04M Forward EURUSD 5M Forward EURUSD 06M Forward EUR USD 07M Forward EUR USD 08M Forward EURUSD 0M Forward EUR USD 10M Forward EUR USD 11M Forward EURUSD 12M Forward EURUSD 18M Forward EUR USD ON Forward EURUSD SN Forward EURUSD Spot Bid -0.4000 -0.3100 -2 1500 -0.2700 -73.7500 4.6000 -0.3200 -7.5000 - 10.1500 - 13.3000 - 15.6500 -18.7000 -23.7000 -25.3500 -29.8000 -30.5000 -54.1800 -0.3400 -0.0800 1.3352 -9.4000 (a) - 14.1500 - 16.7500 -19.4000 -225000 -263500 -25.8000 -415800 -0.0300 -0.0300 13356
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