Question: Using the following data, answer the following questions: Spot 1 = $1.4429 30day forward: 1 = $1.4487 90day forward: 1 = $1.4498 180day forward: 1

Using the following data, answer the following questions: Spot 1 = $1.4429 30day forward: 1 = $1.4487 90day forward: 1 = $1.4498 180day forward: 1 = $1.4511 How much does 2,000,000 currently cost in dollars? Is the British pound expected to appreciate or depreciate over the next 6 months? What is the 90-day forward premium or discount for the British pound?

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