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Suppose a U.S. financial institution invests $10,000,000 in a pound denominated deposit that pays an annual interest rate of 7.25% at the beginning of the

Suppose a U.S. financial institution invests $10,000,000 in a pound denominated deposit that pays an annual interest rate of 7.25% at the beginning of the year when the exchange rate is 1.3555 Â£/$. A...

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