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Currently, the spot exchange rate is $1.52/ and the three-month forward exchange rate is $1.54/. The three-month interest rate is 5.84% per annum in the

Currently, the spot exchange rate is $1.52/Â£ and the three-month forward exchange rate is $1.54/Â£. The three-month interest rate is 5.84% per annum in the U.S. and 5.84% per annum in the U.K. Assume...

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