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What would you do

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Reference no: EM133283681

Question: You have US dollars sitting around in your bank account! Lots of them since you play the lottery. Suppose you see a situation where the one year forward discount on the British pound is 2% and you can get a British pound T-Bill that yields 4% over one year. A US $ T-bill yields only 1% over one year. What would you do? List the steps. SHOW CALCULATIONS.

Reference no: EM133283681

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