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Based on Covered Interest Arbitrage (CIA), the spot GBP/EUR exchange rate is 1/2 or 0.5 GBP per 1 EUR, the one year forward GBP/EUR exchange

Based on Covered Interest Arbitrage (CIA), the spot GBP/EUR exchange rate is 1/2 or 0.5 GBP per 1 EUR, the one year forward GBP/EUR exchange rate is 1 for 1, and the annual Euro rate is 0%, what is the annual GBP rate?

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