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Question 8 1 pts UK interest rates are 0.48 percent per annum, while US interest rates are 0.40 percent per annum (both continuously compounded). The

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Question 8 1 pts UK interest rates are 0.48 percent per annum, while US interest rates are 0.40 percent per annum (both continuously compounded). The spot exchange rate is 0.65 Pounds per US dollar (GBP per USD). What is the no- arbitrage value of a six-month forward contract, expressed in USD per GBP? [round to two decimal places]

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