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7. The 4-month interest rates in country A and the United States are, respectively, 2% and 5% per annum with continuous compounding. If the futures

7. The 4-month interest rates in country A and the United States are, respectively, 2% and 5% per annum with continuous compounding. If the futures price for a contract deliverable in 4 months is $0.8040,

calculate the spot price of the country As currency in US dollar.

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