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The current spot rate is for US $ against the £ is $/£1.8420
Interest in US is 5% pa whereas it’s 4% in UKWhat is the 3 month forward rate?
What is the answer to this I thought it was 1.8420*(1.05/1.04)Thanks
I actually think I got it now. Would you get the Fourth root of the fraction because it is only inflated for 3 months?
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