Question: Using Exhibit 5.7, calculate the one-, three-, and six-month forward premium or discount for the U.S. dollar versus the British pound using European term quotations.

Using Exhibit 5.7, 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? (Round your answers to 5 decimal places.)

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F6$

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