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Annualized forward premium or discount of the zar

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The 90-day forward rate for the South African rand (ZAR) is $0.07, while the current spot rate of the ZAR is $0.068. What is the annualized forward premium or discount of the ZAR? Express your answer in percentage terms to one decimal place (e.g., 5.5%).

Reference no: EM133072257

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