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If the current exchange rate is $1.35/, the one-year forward exchange rate is $1.50/, and the interest rate on British government bills is 6.

If the current exchange rate is $1.35/£, the one-year forward exchange rate is $1.50/£, and the interest rate on British government bills is 6.20% per year, what risk-free dollar denominated return can be locked in by investing in the British bills?

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