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QUESTION 9 The British pound spot rate is quoted at $1.60. The 90-day forward rate exhibits a 3% discount. What is the 90-day forward rate

QUESTION 9

The British pound spot rate is quoted at $1.60. The 90-day forward rate exhibits a 3% discount. What is the 90-day forward rate of the pound?

a. $1.590

b. $1.552

c. $1.648

d. $1.460

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