Spot exchange rate is $1.40 per pound. The interest rates in the two currencies are...
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Spot exchange rate is $1.40 per pound. The interest rates in the two currencies are as follows: i($) = 5% i() = 6% What is the one year ahead spot rate that will make speculative profits go to zero? (The breakeven future spot rate)
Group of answer choices
$1.28
$1.39
$1.32
$1.45
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