An FI has purchased (borrowed) a one-year $10 million Eurodollar deposit at an annual interest rate of 6 percent. It has invested these proceeds in one-year Euro () bonds at an annual rate of 7.0 percent after converting them at the current spot rate of 1.75/$. Both interest and principal are paid at the end of the year. At what one-year forward rate will the bank earn a 2 percent spread? 1.7337Euro/$ 1.7200 Euro/\$ 1.6891 Euro/ $ 1.7521 Euro/\$ 1.7921 Euro/\$\$