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Suppose that the one-year interest rate is 0.1% in the United States, the spot exchange rate is $1.35/, and the one-year forward exchange rate is

Suppose that the one-year interest rate is 0.1% in the United States, the spot exchange rate is $1.35/, and the one-year forward exchange rate is $1.38/. What must the one-year interest rate be in the UK?

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