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The current exchange rate between the United States and Britan is $1.825 per pound. The 6-month forward rate between the British pound and the U.S.

  1. The current exchange rate between the United States and Britan is $1.825 per pound. The 6-month forward rate between the British pound and the U.S. dollar is $1.79 per pound.

Required: What is the percentage difference between current 6-month U.S. and British interest

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