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15) The 6-month interest rate in the U.S. is 4%. The spot exchange rate or the Euro is $1.10. The 6 months forward rate for

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15) The 6-month interest rate in the U.S. is 4%. The spot exchange rate or the Euro is $1.10. The 6 months forward rate for the Euro is $1.12. These prices indicate that the 6-month risk-free rate in France (which uses the Euro) is

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