What was the annualized forward premium on the pound if the spot rate on May 6, 2011 was £0.6102/$ and the 180 day forward rate was £0.5836/$?

Name: What was the annualized forward premium on the pound if the spot rate on May 6, 2011 was £0.6102/$ and the 180 day forward rate was £0.5836/$?
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The forward premium is calculated as ((Spot Rate - Forward Rate) / Forward Rate) * (360/180) * 100. Substituting the given values: ((0.6102 - 0.5836) / 0.5836) * 2 * 100 = 8.72%.

What Was the Annualized Forward Premium on the Pound If