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The spot exchange rate is 1.57 dollars per pound. The 30-day

The spot exchange rate is 1.57 dollars per pound. The 30-day forward exchange rate is .6211 pounds p… Show more The spot exchange rate is 1.57 dollars per pound. The 30-day forward exchange rate is .6211 pounds per dollar. Therefore, pounds in the forward market are selling at a ________ to the current spot rate. Select one: a. .04 premium b. .958 premium c. .04 discount d. .958 discount explain please • Show less

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