Question: Find the minimum possible forward rate ( in $ / , assuming there is no bid - ask spread on the forward market ) ,

Find the minimum possible forward rate (in $/, assuming there is no bid-ask spread
on the forward market), in spot exchange bid-ask rates are 1.55-1.57$/, you can freely
invest $s and s at 5% and 7% respectively while your borrowing rates in $s and s are
5.5% and 8%

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