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Assume that the monthly interest rate in the UK is 6% and in the US 12%. Further, assume that the current spot rate is 2.00
Assume that the monthly interest rate in the UK is 6% and in the US 12%. Further, assume that the current spot rate is 2.00 dollars per pound ($ per Pound). Calculate the one-month forward rate using the approximate CIRP condition. 1.88 1.99 2.01 2.12
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