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Currently, the spot exchange rate is $153, and the three month forward exchange rate is $155/6. The interest rate is 8 percent per annum in

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Currently, the spot exchange rate is $153, and the three month forward exchange rate is $155/6. The interest rate is 8 percent per annum in the US and 5.8 percent per annum in the UK. Assume that you can borrow as much as $1,530,000 or 1,000,000 a. Determine whether interest rate parity is currently holding Yes ONO

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