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Suppose the 180-day interest rate is 4% in the U.S. and 2% in the U.K. The spot rate is $1.40/. If Interest Rate Parity holds,

Suppose the 180-day interest rate is 4% in the U.S. and 2% in the U.K. The spot rate is $1.40/.

If Interest Rate Parity holds, what should the 180-day forward rate be (in $/)? Round your final answer to two decimal places.

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