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Suppose the spot price of the British pound is currently $1.25. If the risk-free interest rate on one-year government bonds is 700% in the United

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Suppose the spot price of the British pound is currently $1.25. If the risk-free interest rate on one-year government bonds is 700% in the United States and 6% in the United Kingdom, what must the forward price of the pound be for delivery one year from now? (Do not round Intermediate calculations. Round your answer to 2 decimal places) Forward price

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