Problem $5\mathrm{.}8$

Required:

Using Exhibit $5\mathrm{.}7,$ calculate the one$-,$ three$-,$ and six$-$month forward premium or discount for the U$.$S$.$ dollar versus the British pound

using European term quotations. For simplicity, assume each month has $30$ days. What is the interpretation of your results?

Note: Round your answers to $5$ decimal places.