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Given the information below, find the price of one-year forward on British pound: Spot rate for British pound: $1.0135 U. S. interest rate (one year):
Given the information below, find the price of one-year forward on British pound:
Spot rate for British pound: $1.0135
U. S. interest rate (one year): 1.25%
U. K. interest rate (one year): 2.75%
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
