According to the spot buying price and forward selling price of sterling, the annual premium rate is (1.6085-1.6025) * 4 *100%/1.6025 =1.49%. In other words, the holder of the pound should invest in the new york market, and in order to ensure his investment income, he should do hedging protection transactions. Practice: immediately convert pounds into dollars, invest in dollars, sign an agreement, and sell the principal and interest of dollars in the future. When this happens, the principal and interest of the dollar investment will be recovered and sold according to the contract to obtain the pound, and the opportunity cost of the pound investment will be deducted, which is the income (that is, extra income).
100000 * 1.6025 * ( 1+8%/4)/ 1.6085- 100000 * ( 1+6%/4) = 65438