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5. Given a spot exchange rate quote for EUR/USD at 1.1795 and interest rates for EUR at 4.0%/year and USD at 5.0%/year, what is the
5. Given a spot exchange rate quote for EUR/USD at 1.1795 and interest rates for EUR at 4.0%/year and USD at 5.0%/year, what is the expected 1-year forward exchange rate?
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
