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The risk-free interest rate in the United States is 1.8% per year. The risk-free interest rate in U.K. is 3.12% per year. The spot exchange

The risk-free interest rate in the United States is 1.8% per year. The risk-free interest rate in U.K. is 3.12% per year. The spot exchange rate is f0.813/S and the one-year forward rate is 0.827/S. Based on this information. does interest rate parity hold? Please show all steps.

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