What is the approximate forward exchange rate for 360
Assume the current U.S. dollar-British spot rate is 0.6993t/$. lf the current nominal one-year interest rate in the U.S. is 5% and the comparable rate in Britain is 6%, what is the approximate forward exchange rate for 360 days?
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assume the current us dollar-british spot rate is 06993t lf the current nominal one-year interest rate in the us is 5
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