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2. A firm is exporting products to England, the last shipment is sent today. The English firm will pay to the U.S. firm 2 MM

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2. A firm is exporting products to England, the last shipment is sent today. The English firm will pay to the U.S. firm 2 MM [GBP] in December 2016 (in three months). The interest rate in England is 0.22 % per year. Find the spot, futures, and the interest rate in the US to decide if the firm should enter into a futures contract or do a synthetic forward

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