Question: Using the following exchange rates between US$ and , calculate the annual forward premium/discount of . Period Exchange Rate (/$) Spot 140 1 month 142

Using the following exchange rates between US$ and , calculate the annual forward premium/discount of . Period Exchange Rate (/$) Spot 140 1 month 142 2 months 144 10 months 172 The 10-month forward premium/discount is ____________% (Please keep the sign and at least two decimal places.)

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