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40. Let the 3-month T-bill rate be 0.500%. Let a comparable rate in the European Union be 0.815%. The spot exchange rate between the Euro

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40. Let the 3-month T-bill rate be 0.500%. Let a comparable rate in the European Union be 0.815%. The spot exchange rate between the Euro () and the dollar is $0.9249/. The 3-month forward exchange rate is in $/. (a) (b) (c) 0.9220 0.9256 0.9242 0.9081

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