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If the interest rate in the United Kingdom is 5 percent, the interest rate in the United States is 8 percent, the spot exchange rate

If the interest rate in the United Kingdom is 5 percent, the interest rate in the United States is 8 percent, the spot exchange rate is $1.5123/1, and interest rate parity holds, what must be the one-year forward exchange rate? (Do not round intermediate calculations. Round your answer to 4 decimal places. (e.g., 32.1616))

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