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The current British pound exchange rate is 1.15 pounds per dollar. If British Inflation is expected to be 3 and US Inflation 4%, what is

The current British pound exchange rate is 1.15 pounds per dollar. If British Inflation is expected to be 3 and US Inflation 4%, what is the indirect forward rate for the British pound 5 months from now? 0.95 1.04 0.86 1.26 1.15

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