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Suppose U.S. interest rates are 9%, British interest rates are 11%, and the current spot rate is 1 = $1.60. According to interest rate parity,

Suppose U.S. interest rates are 9%, British interest rates are 11%, and the current spot rate is 1 = $1.60. According to interest rate parity, what is the equilibrium forward rate?

please write out each step or how to do on fina calc

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