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4. The spot exchange rate for US dollars in Euros is 0.84. The continuously-compounded interest rat for US dollar accounts is 6% per annum whereas

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4. The spot exchange rate for US dollars in Euros is 0.84. The continuously-compounded interest rat for US dollar accounts is 6% per annum whereas the continuously-compounded interest rate of currency accounts is 4.5% per annum. What is the futures exchange rate for US dollars in Eur a futures contract with delivery in eight months' time? 1

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