Question: Currently, one British pound can be exchanged for U.S. $1.62 (spot exchange rate). If the six-month British pound forward rate can be exchanged for U.S.$1.58,

Currently, one British pound can be exchanged for U.S. $1.62 (spot exchange rate). If the six-month British pound forward rate can be exchanged for U.S.$1.58, British pound is expected to against U.S. dollar over six months. Group of answer choices

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