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26. The spot :$ is equal to 1.1795. The one-year interest rates on the Eurocurrency market are 4% in euros and 5% in U.S. dollars.
26. The spot :$ is equal to 1.1795. The one-year interest rates on the Eurocurrency market are 4% in euros and 5% in U.S. dollars. What is the one-year forward exchange rate?
A. 1.1683
B. 1.1908
C. 1.1895
D. 1.1913
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