Suppose that the spot price of a euro is ($1.00,) the one-year forward rate on euros is
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Suppose that the spot price of a euro is \($1.00,\) the one-year forward rate on euros is \($1.05,\) and the interest rate on 1-year euro-area deposits is 10 percent. What would the interest rate have to be in the United States to make you indifferent between putting your money there or here?
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