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Assume that interest rate parity holds and that 90-day risk-free securities yield 6.6% in the United States and 7.26% in Britain. In the spot market...

Assume that interest rate parity holds and that 90-day risk-free securities yield 6.6% in the United States and 7.26% in Britain. In the spot market 1 pound equals 2.16 dollars. What is the 90-day forward rate? Round your answer to two decimal places

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