Suppose one British pound can purchase 1.86 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the U.S. dollar will depreciate by 12.00% against the pound over the next 30 days. How many dollars will a pound buy in 30 days?
A. $2.1665
B. $2.2082
C. $1.8957
D. $2.0832
E. $2.3540
Answer: D
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