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3. IFE. Suppose in the 1980's five-year deposit rates on eurodollars and euromarks were 12% and 8% respectively. If the current spot rate for the

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3. IFE. Suppose in the 1980's five-year deposit rates on eurodollars and euromarks were 12% and 8% respectively. If the current spot rate for the mark was $0.50, then according to the IFE, what is the spot rate for the mark five years from now implied by those interest rates? o Use the approximation o Use the exact form

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