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Suppose the annual interest rate is 3% in U.S. per year and 2% in U.K. per year, the current spot rate is S(USD/GBP)=1.2845. What would

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Suppose the annual interest rate is 3% in U.S. per year and 2% in U.K. per year, the current spot rate is S(USD/GBP)=1.2845. What would be 1-year forward rate of F12(USD/GBP)

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