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Assume the current U.S. dollar-British spot rate is $1.3063=. If the current nominal one-year interest rate in the U.S. is 1.5% and the comparable rate

Assume the current U.S. dollar-British spot rate is $1.3063=. If the current nominal one-year interest rate in the U.S. is 1.5% and the comparable rate in Britain is 0.75%, what is the approximate forward exchange rate for 90 days?

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