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The spot exchange rate for Britain and US is quoted as 1.1525 ($ per pound). Britain's continuously compounded risk-free rate is currently 1.5% and the

The spot exchange rate for Britain and US is quoted as 1.1525 ($ per pound). Britain's continuously compounded risk-free rate is currently 1.5% and the U.S. continuously compounded risk-free is at 0.50%. Calculate the 11-month forward exchange rate.

A.1.1420
B.1.1631
C.1.0324
D.1.2865

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