Question: 3. Consider a forward contract on the British pound (GBR) with 90 days to expiry. The USD and GBP interest rates are 2.3% and 5.6%,

3. Consider a forward contract on the British pound (GBR) with 90 days to expiry. The USD and GBP interest rates are 2.3% and 5.6%, respectively (both interest rates are annual rates). The current spot rate is 1.3145($/A. Calculate the forward price ($/). Show your calculations

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