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2. A US based firm Fishing Well is negotiating with its bankers to enter a 2year EUR forward contract. How would you, as an analyst

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2. A US based firm Fishing Well is negotiating with its bankers to enter a 2year EUR forward contract. How would you, as an analyst go about determining a quote? The spot rate is USD 1.5591 . The annualized interest rates in the US and the Eurozone are 5% and 3% respectively. What shotld the forward rate for the 2-year EUR contract be

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