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Assume the current U.S. dollar-British spot rate is 0.6993E/$. If the current nominal one-year interest rate in the U.S. is 5% and the comparable rate

Assume the current U.S. dollar-British spot rate is 0.6993E/$. 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

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