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Find the U.K. interest rate () if the U.S. interest rate ($) is equal to 5%, spot exchange rate is equal to 1.6$/, and 9-month

Find the U.K. interest rate () if the U.S. interest rate ($) is equal to 5%, spot exchange rate is equal to 1.6$/, and 9-month Forward exchange rate is 1.62$/. Round your answer to 0.1%.

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