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1-year US interest rate is 4% and 1-year interest rate in Germany is 3.5%. If the 1-year forward rate is $1.26/, what is the spot

1-year US interest rate is 4% and 1-year interest rate in Germany is 3.5%. If the 1-year forward rate is $1.26/, what is the spot exchange rate be?provide step-by-step instructions for solving the problem

$1.2134/

$1.2539/

$1.1434/

$1.2661/

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