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iii. Suppose, on Monday 9th March 2020 the USD was worth $1.90/. The three-month forward rate for the USD is $1.95/. Calculate the USD forward

iii. Suppose, on Monday 9th March 2020 the USD was worth $1.90/. The three-month forward rate for the USD is $1.95/. Calculate the USD forward premium or discount in percentage terms. Explain what these quotes indicate for the future value of the USD and the British pound.

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