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Suppose you observe a spot exchange rate of $1.7/. If interest rates are 4% in the US and 1.5 % in the UK, what is

Suppose you observe a spot exchange rate of $1.7/. If interest rates are 4% in the US and 1.5 % in the UK, what is the no-arbitrage 1-year forward rate?

1.62

1.65

1.78

1.74

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