Suppose the selling price of one-month forward British pounds is $1.5137 per pound, and the spot price is $1.5139 per pound. Complete the following formula for the per annum percentage premium (or discount) to calculate what the pound is worth in the one-month forward market. Therefore, the British pound is at a market. against the U.S. dollar, because it is worth in the one-month forward market than in the spot

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