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Suppose that the U.S. risk-free interest rate is 1.25% per year and the British risk-free interest rate is 0.25% per year. What is the current

Suppose that the U.S. risk-free interest rate is 1.25% per year and the British risk-free interest rate is 0.25% per year. What is the current 6-month $/ forward rate in terms of the current spot rate? PLEASE SHOW WORK

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