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The formula for interest parity is: i_$ - i_fc = (F-E)/E Say i_US = 15% i_UK = 10% The current spot rate is $2/L What

The formula for interest parity is: i_$ - i_fc = (F-E)/E

Say i_US = 15%

i_UK = 10%

The current spot rate is $2/L

What is the implied forward rate? What if the value is different than this?

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