The spot rate of foreign exchange between Canada and the United Kingdom is CAD$1.75/£. If the interest rate in Canada is 11 per cent and it is 6 per cent in the United Kingdom, what would you expect...

The spot rate of foreign exchange between Canada and the United Kingdom is CAD$1.75/£. If the interest rate in Canada is 11 per cent and it is 6 per cent in the United Kingdom, what would you expect the one-year forward rate to be if no immediate arbitrage opportunities existed?