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QUESTION 8 The spot rate for Japanese yen per UK pound is 138 78. If the UK interest rate is 1.75% and the Japanese interest
QUESTION 8 The spot rate for Japanese yen per UK pound is 138 78. If the UK interest rate is 1.75% and the Japanese interest rate is 125% the 6-month no-arbitrage forward rate is closest to 138 05 JPY/GBP 138.10 JPY GBP 138 44 JPY GBP 138.95 JPY GEP
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