Question: Q 3 . Covered Interest Rate Arbitrage Given below are the dollar - pound spot rate and the 1 - year interest rates on the

Q3. Covered Interest Rate Arbitrage
Given below are the dollar-pound spot rate and the 1-year interest rates on the two currencies. a) What is the implied 1-year forward rate?
\table[[,,,,],[Spot rate ($),1.59,,Implied 1-year forward rate ($f)
Q3. Covered Interest Rate Arbitrage Given below are the dollar-pound spot

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