Question: The following table shows the midmarket ( i . e . , average of the bid and offer ) for the current YEN / GBP

The following table shows the midmarket (i.e., average of the bid and offer) for the current YEN/GBP spot exchange rate as well as for GBP and YEN 270-day LIBOR (annualized):
Spot (YEN/GBP)
1.2089
270-day LIBOR (GBP)
5.25%
270-DAY LIBOR (YEN)
1.25%
What is the forward premium or discount for a 270-day forward contract for YEN/GBP ?

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