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Assume 1 euro = $1.1 in the 180-day forward market and the 180-day risk-free rate is 8% in the U.S. and 4% in France. What

Assume 1 euro = $1.1 in the 180-day forward market and the 180-day risk-free rate is 8% in the U.S. and 4% in France. What is the spot rate?

Question 3 options:

a. 1.1902

b. 1.0788

c. 1.1523

d. 1.1002

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