Question: Today the GBP / US$ rate is $ 1 . 6 4 9 6 . In the forward market it is trading at a forward

Today the GBP/US$ rate is $1.6496. In the forward market it is trading at a forward premium of 9 cents. What is todays outright 12 month forward rate?
Question 5Select one:
a.
1.7396
b.
1.5596
c.
1.6406
d.
1.6496

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