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If you invest $100 in the U.K market for one year with a forward cover when the interest rate and exchange rates are as given

If you invest $100 in the U.K market for one year with a forward cover when the interest rate and exchange rates are as given below, the annualized rate of return from the investment is:

Spot rate = $1.3050/; forward rate = $1.3000/, U.K. interest rate = 4%

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