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An exchange rate is 1.200 and the six-month domestic and foreign risk-free interest rates are 6% and 3% per year respectively (both expressed with continuous

An exchange rate is 1.200 and the six-month domestic and foreign risk-free interest rates are 6% and 3% per year respectively (both expressed with continuous compounding). What is the six-month futures exchange rate?

a 1.421

b 1.530

c 1.218

d 1.287

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