Question: The current exchange rate between the United States and Britain is $1.825 per pound. The six-month forward rate between the British pound and the U.S.

The current exchange rate between the United States and Britain is $1.825 per pound. The six-month forward rate between the British pound and the U.S. dollar is $1.79 per pound. What is the percentage difference between current six-month U.S. and British interest rates?

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