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A London dealer bank has the following quotes: Bid Ask 0.8260/$ 0.8490/$ Given S0 = $1.0672/ and you expect the dollar to depreciate by 6%

A London dealer bank has the following quotes: Bid Ask

0.8260/$ 0.8490/$

Given S0 = $1.0672/ and you expect the dollar to depreciate by 6% against the euro in the coming three months, what would you expect the spot rate (S1) to be three months from today?

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