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If the current exchange rate is $1.65/, the one-year forward exchange rate is $1.90/, and the interest rate on British government bills is 6% per
If the current exchange rate is $1.65/, the one-year forward exchange rate is $1.90/, and the interest rate on British government bills is 6% per year, what risk-free dollar-denominated return can be locked in by investing in the British bills? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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