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What are the GBP worth in US dollars

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Problem 1: The current indirect exchange rate is 0.750 GBP per USD. The anticipated annual inflation rate is 3% in the United States and 2% in the UK. If the cash inflow in pounds is 35,000 in one year, what are the 35,000 GBP worth in U.S. dollars after conversion from pounds to dollars using the forward exchange rate?

Reference no: EM132809642

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