What should dollars sell for in pounds per dollar
Question: If British pounds sell for 1.50 (U.S.) per pound, what should dollars sell for in pounds per dollar?Please show calculations.
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Question: If British pounds sell for 1.50 (U.S.) per pound, what should dollars sell for in pounds per dollar?
In the spot exchange market, 1 Yen equals $0.009. If interest parity holds, what is the 6-month forward exchange rate?
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