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Suppose the spot price of the British pound is currently $1.75. If the risk-free interest rate on one-year government bonds is 6.80% in the United

Suppose the spot price of the British pound is currently $1.75. If the risk-free interest rate on one-year government bonds is 6.80% in the United States and 5% in the United Kingdom, what must the forward price of the pound be for delivery one year from now?

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