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QUESTION
The oneyear interest rate is 9% on British pounds and 7% on U.S. dollars. If the current exchange rate is $1.58 = 1, what is the expected future
The one‑year interest rate is 9% on British pounds and 7% on U.S. dollars. If the current exchange rate is $1.58 = £1, what is the expected future exchange rate in one year?
