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Given the above figures, find the 1-month dollar interest rates over the two-week period (June 20 to July 1) using the official bank rate of
Given the above figures, find the 1-month dollar interest rates over the two-week period (June 20 to July 1) using the official bank rate of GBP, forward rate and spot rate.
0.5 Date 20-Jun-16 21-Jun-16 22-Jun-16 23-Jun-16 24-Jun-16 27-Jun-16 28-Jun-16 29-Jun-16 30-Jun-16 1-Jul-16 Official 1-mon Bank Rate UK (percent per annum) Forward exchange rate, 1 month, US$/Sterling Spot exchange rate, Euro/Sterling Spot exchange rate, US $/Sterling 1.4699 1.296 1.4694 0.5 1.4674 1.3018 1.467 0.5 1.4692 1.3018 1.4687 0.5 1.4801 1.3039 1.4798 0.5 1.3631 1.2254 1.3621 0.5 1.3159 1.1986 1.3152 0.5 1.3325 1.2054 1.3322 0.5 1.3526 1.2177 1.3523 1.3432 1.2081 1.3429 0.5 1.3274 1.192 1.327 0.5 0.5 Date 20-Jun-16 21-Jun-16 22-Jun-16 23-Jun-16 24-Jun-16 27-Jun-16 28-Jun-16 29-Jun-16 30-Jun-16 1-Jul-16 Official 1-mon Bank Rate UK (percent per annum) Forward exchange rate, 1 month, US$/Sterling Spot exchange rate, Euro/Sterling Spot exchange rate, US $/Sterling 1.4699 1.296 1.4694 0.5 1.4674 1.3018 1.467 0.5 1.4692 1.3018 1.4687 0.5 1.4801 1.3039 1.4798 0.5 1.3631 1.2254 1.3621 0.5 1.3159 1.1986 1.3152 0.5 1.3325 1.2054 1.3322 0.5 1.3526 1.2177 1.3523 1.3432 1.2081 1.3429 0.5 1.3274 1.192 1.327 0.5Step by Step Solution
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