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1)If i $ = .04 (4%) and i = .025 (2.5%) and the 1-year forward rate is $0.92 = 1 what does the spot rate

1)If i$ = .04 (4%) and i = .025 (2.5%) and the 1-year forward rate is $0.92 = 1 what does the spot rate have to be for covered interest rate parity to hold?

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