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An exchange rate is currently $2.00. The volatility of the exchange rate is 20% and interest rates in the two countries are the same. Using

An exchange rate is currently $2.00. The volatility of the exchange rate is 20% and interest rates in the two countries are the same. Using the Black-Scholes model, estimate the probability that the exchange rate in one year will be between $1.70 and $2.30.

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