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QUESTION 15 Assume a British investor observes the following situation: SR Current spot rate: $1.11/ UK 1 year interest rate: .09 US 1 year interest

QUESTION 15 Assume a British investor observes the following situation: SR Current spot rate: $1.11/ UK 1 year interest rate: .09 US 1 year interest rate: .05 What should be the percentage change in direct quotes according to IFE? Round intermediate steps and your final answer to four decimals and enter your response in decimal format (EX XXXX)

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