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A currency dealer has good credit and can borrow either $1,000,000 or 800,000 for one year. The one-year interest rate in the U.S. is is

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A currency dealer has good credit and can borrow either $1,000,000 or 800,000 for one year. The one-year interest rate in the U.S. is is = 2% and in the euro zone the one-year interest rate is i -6%. The one-year forward exchange rate is $1 = 60.8333; what must the spot rate be to eliminate arbitrage opportunities? A. 51 2471 C1.00 B. $0.8019-C1.00 c. 11.1547-C1.00 D. one of the above

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