What must be the forward price of the pound for delivery

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Reference no: EM131927997

Assume the spot price of the British pound is currently $2.00. If the risk-free interest rate on 1-year government bonds is 4% in the United States and 6% in the United Kingdom, what must be the forward price of the pound for delivery 1 year from now? (Round your answer to 3 decimal places. Omit the "$" sign in your response.)

Forward price $

Reference no: EM131927997

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