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Assume the spot price of the British pound is currently $1.7. If the risk-free interest rate on 1-year government bonds is 5.4% in the United

Assume the spot price of the British pound is currently $1.7. If the risk-free interest rate on 1-year government bonds is 5.4% in the United States and 7.5% in the United Kingdom, what must be the forward price of the pound for delivery one year from now? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Forward price $ 1.794

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