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Suppose the current U.S. dollar spot price of the British pound is $1.65/£, and the expected U.S. dollar price of a British pound 90 days from today is $1.66/£.   You purchase British Bills which offer par of £10,000 when they mature 90 days from today for £9,985 apiece.   Your expected return (on an annual basis) on this investment is __________ percent. Show all work.

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