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If the current exchange rate is $175/8, the one-year forward exchange rate is $1.55/, and the interest rate on British government bills is 8% per

If the current exchange rate is $175/8, the one-year forward exchange rate is $1.55/, and the interest rate on British government bills is 8% 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.) Risk free dollar-denominated return

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