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A US-based exporter anticipated receiving 100 million EURO in six months, and took a long forward position, locking-in an exchange rate of $1.5/EURO. If six

A US-based exporter anticipated receiving 100 million EURO in six months, and took a long forward position, locking-in an exchange rate of $1.5/EURO. If six months later at maturity, the exporter calculates that she has made a profit of $40 million from the currency forward contract, the spot exchange rate at maturity must be __________ USD/EURORound your final answers to TWO decimal points.

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