Question: assume the current spot rate between the us dollar and the british pound is 0.6993/$. if the current nominal 90 day interest rate in the

assume the current spot rate between the us dollar and the british pound is 0.6993/$. if the current nominal 90 day interest rate in the us is 5% and the comparable rate in britain is 8% answer the following questions. what is the approximate 90 day forward exchange rate and explain the numerical answer obtained in part 1

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