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The 9 0 - day US T - bill rate is 4 . 9 % APR and the 9 0 - day British Treasury rate
The day US Tbill rate is APR and the day British Treasury rate is per annum.
The spot exchange rates are $ bid and $ ask.
Calculate, to decimal places eg $#### the noarbitrage" day forward ask exchange rate that makes a British citizen indifferent between buying a UK treasury and buying a US Tbill.
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