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What is the annual GBP rate

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Question - Based on Covered Interest Arbitrage (CIA), the spot GBP/EUR exchange rate is 1 GBP per 1 EUR, the one year forward GBP/EUR exchange rate is 1 GBP for 1 EUR, and the annual Euro rate is 200%, what is the annual GBP rate?

Reference no: EM132827772

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