Multiple Choice
The one-year forward rate of the British pound is $1.55, while the current spot rate is $1.60. Based on the forward rate, what is the expected percentage change in the British pound over the next year?
A) +5.0%
B) -3.1%
C) +3.1%
D) +3.2%
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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