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18. If annualized interest rates in the U.S. and France on January 1, 1991 are 9% and 13%, respectively, and the spot value of the

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18. If annualized interest rates in the U.S. and France on January 1, 1991 are 9% and 13%, respectively, and the spot value of the EUR is $.1109, then at what 180 day forward rate will interest rate parity hold? a) $.1070 b) $.1150 c) $.1088 d) $.1130

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