Question: please dnt use CHATGPT.Please type the answer with good explanation.Thank You Use the information in the table below to answer the following questions: in U.S.

please dnt use CHATGPT.Please type the answer with good explanation.Thank You

Use the information in the table below to answer the following questions:

in U.S. $per U.S. $
Japanese yen.009214108.53
6-mos forward.009306107.46
British pound1.5828.6318
3-mos forward1.5803.6328
please dnt use CHATGPT.Please type the answerplease dnt use CHATGPT.Please type the answer
per U.S. dollar. The British pound is selling at {:1 because it is b. The threemonth forward rate for British pounds is in the forward market than in the spot market. Note: Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616. \f

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