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Assume the exchange rate is GBP 1.35/USD, the US risk-free rate is 7.0 percent, and the UK risk-free rate is 3.0 percent. What is the implied one-year forward rate?
Gold
A dense, soft, yellow metal that is a valuable material for jewelry, finance, and various industrial applications.
Tiger
A large carnivorous feline mammal with a distinctive coat of black stripes on orange or white fur, known as Panthera tigris.
Water
A transparent, tasteless, odorless, and nearly colorless chemical substance, made of hydrogen and oxygen, that is essential for the survival of known forms of life.
Natural Kind
Categories of objects or entities in the world that are believed to exist independently of human naming and classification practices.
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