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24. Suppose you observe a spot exchange rate of 0.950/$. If interest rates are 2% in the U.S. and 3% in the euro zone, what

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24. Suppose you observe a spot exchange rate of 0.950/$. If interest rates are 2% in the U.S. and 3% in the euro zone, what is the no-arbitrage 1-year forward rate? a 1.052/$ b. 0.959/5 c. 1.032/8 d. None of the above

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