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Question 71 pts The following information has been collected from the respective areas: Assumptions London New York Spot exchange rate ($/) 1.3264 1.3264 One-year Treasury

Question 71 pts The following information has been collected from the respective areas:

Assumptions London New York Spot exchange rate ($/) 1.3264 1.3264 One-year Treasury bill rate 3.58% 4.02% Expected inflation rate Unknown 1.250%

Given this information what is the implied forward rate ($/)?

Answer as a percentage, use three decimal places.

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