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Insert Table Zoom Chart Text Shape Media Comment 17. Assume the current U.S. dollar-British spot rate is 0.80/$. If the current nominal one-year interest rate

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Insert Table Zoom Chart Text Shape Media Comment 17. Assume the current U.S. dollar-British spot rate is 0.80/$. If the current nominal one-year interest rate in the U.S. is 2% and the comparable rate in Britain is 5%, what is the approximate forward exchange rate for 360 days

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