John wants to build a new building he needs 35 million he


John wants to build a new building. He needs $35 million. He may borrow in the US at 4.5% or in the UK for 7.5% for 1 year. The current exchange rate is $1.5:£1.0. What is the 1 year future exchange rate?

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Financial Management: John wants to build a new building he needs 35 million he
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