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The Mexican risk-free interest rate is 5.1% per year and the British risk-free interest rate is 2.5% per year. If the spot exchange rate is
The Mexican risk-free interest rate is 5.1% per year and the British risk-free interest rate is 2.5% per year. If the spot exchange rate is 0.23 per Mexican peso and interest rate parity holds, what is the one-year forward exchange rate in British pounds per Mexican peso? O 1) 0.2412 O2) 0.2343 3) 0.2195 4) 0.2277 O 5) 0.2243
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