Question: please I want the answer step by step .. Assume the current U.S. dollar-British spot rate is 1.13/$. If the current nominal one-year interest rate

please I want the answer step by step .. Assume the

please I want the answer step by step ..

Assume the current U.S. dollar-British spot rate is 1.13/$. If the current nominal one-year interest rate in the U.S. is 12.8% and the comparable rate in Britain is4.8%, what is the approximate forward exchange rate? * 1.050/ S 1.184/ $ 1.336/S O 1.216/$ 1.226/S

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