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Suppose the spot rate and the forward rate for the British pound are $1.4248 and...

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Finance

Suppose the spot rate and the forward rate for the British pound are $1.4248 and $1.4179 respectively. Assume the forward pound is selling at a 1.94% annualized discount, what is the number of days (n) of the forward contract?

a) 180 days b) 120 days c) 90 days d) 60 days e) none of the above

please show work

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