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Today the spot exchange rate between British pound and U.S. dollar is 1.5000 dollar/pound. The 90-day Treasury bill interest rate is 19 (annual rate), while

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Today the spot exchange rate between British pound and U.S. dollar is 1.5000 dollar/pound. The 90-day Treasury bill interest rate is 19 (annual rate), while the interest rate on risk-free securities in UK is 2%. What is the 90-day forward exchange rate between these two currencies? Express the exchange rate as the amount of U.S. dollars needed to exchange for one British pound, and keep four decimal places. Save and Submit to save and submit. Click Save All Artocallane

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