Question: calculate the 15 month forward rate from the data given below. The spot exchange rate for the British pound is 1.75 U. S. dollars. 15-month

calculate the 15 month forward rate from the data given below.

The spot exchange rate for the British pound is 1.75 U. S.

The spot exchange rate for the British pound is 1.75 U. S. dollars. 15-month U. S. and British risk-free interest rates are 3% and 4% (both expressed with continuous compounding).

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