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U.S. Dollars to One British Pound:
3-Month Effective Interest Rate for U.S. Dollar:
3-Month Effective Interest Rate for British Pound:
Based on the Covered Interest Parity (CIP), what should be the 90-day forward rate, F
, today on 6 April 2016 (the contract matures on 5 July 2016)? Use the exact equation of the CIP.？？？