1. A major U.S. multinational firm has forecast the euro/dollar rate to be 1.15/$ one year hence, and an exchange rate of $1.40 for the British pound () in the same time period. What does this imply the company's expected rate for the euro per pound to be in one year?

Question 1 options:

1.40/

1.40/

1.61/

1.61/