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Explain the relation between each pair of currencies. a. Spot Rate $1.8316/pound Forward Rate $1.7874/pound The dollar is at a against the British pound. b.

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Explain the relation between each pair of currencies. a. Spot Rate $1.8316/pound Forward Rate $1.7874/pound The dollar is at a against the British pound. b. Spot Rate yen 108.33/$ Forward Rate yen 110.45/$ The yen is at a against the dollar. c. Spot Rate C$1.2933/$ Forward Rate C$1.3111/$ The U.S. dollar is at a against the Canadian dollar

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