Question: The current spot rate for the British pound () is $1.25/. A forecaster predicts that the dollar will depreciate 20% against the pound. What exchange

The current spot rate for the British pound () is $1.25/. A forecaster predicts that the dollar will depreciate 20% against the pound. What exchange rate is she predicting in direct terms? Round your final answer to four decimal places

A. $0.9600/

B. $1.5625/

C. 0.6944/$

D. 0.6400/$

E. 1.0471/$

F. $1.4400/

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