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Problem 23-11 Assume the spot price of the British pound is currently $27. If the risk-free interest rate on 1-year government bonds is 3.2% in

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Problem 23-11 Assume the spot price of the British pound is currently $27. If the risk-free interest rate on 1-year government bonds is 3.2% in the United States and 71% in the United Kingdom, what must be the forward price of the pound for delivery one year from now? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Forward price

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