Assume the current U.S. dollar British spot rate is 0.6993/$. If the current nominal one - year interest rate in the U.S. is 5% and the comparable rate in Britain is 6%, what is the approximate forward exchange rate for 360 days? OA. 0.6993/$ O B. 0.7060/$ O C. 1.42/$ O D. 1.43/S