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Posted on May 19, 2024

The US interest rate is 3 . 8 6 % . The British interest rate is 3 . 9 8 % . The spot rate

The US interest rate is

3.86 % .

The British interest rate is

3.98 % .

The spot rate is $

1.2230 / .

Calculate the forward rate assuming

interest rate parity holds.

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