If the Spot Rate of the British Pound Is $1

question 69

Multiple Choice

If the spot rate of the British pound is $1.50, and the one-year forward rate has a discount of 3 percent, the one-year forward rate is $____.

• A) 1.50
• B) 1.47
• C) 1.55
• D) 1.46
• E) None of the above

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