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14-5 Assume the spot price of the British pound is currently $24. If the risk-free interest rate on 1 -year government bonds is 3.1% in

14-5

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Assume the spot price of the British pound is currently $24. If the risk-free interest rate on 1 -year government bonds is 3.1% in the United States and 5.6% in the United Kingdom, what must be the forward price of the pound for delivery one year from now? (Do not round Intermedlate calculations. Round your answer to 3 declmal places.) Forward price

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