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Assume the current US dollar British spot rate is 06134 If the current nominal one year interest rate in the US is 25 and the comparable rate in Britain is 35 what is the approximate

Assume the current U.S. dollar-British spot rate is 0.6134£/$. If the current nominal one-year interest rate in the 
U.S. is 2.5% and the comparable rate in Britain is 3.5%, what is the approximate forward exchange rate for 360 
days?
A) 1.42£/$
B) 0.6075£/$
C) 0.6134£/$
D) 0.6194£/$ 

Apr 19 2021 View more View Less

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