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Answer only, no need explainSuppose the spot exchange rate between U . S . dollars and the U . K . pound is $ 2

Answer only, no need explainSuppose the spot exchange rate between U.S. dollars and the U.K. pound is $2.05 while the forward rate is $1.99. Which one of the following is true?
A) The value of the U.K. pound is expected to remain constant.
B) The U.K. pound is selling at a premium.
C) The U.K. pound is selling at a discount.
D) The U.K. pound is expected to appreciate and selling at a discount.
E) The U.S. dollar is expected to depreciate.
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