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Assume that 1 year Forward Rate is used as the forecast of the future Spot Rate. The FFr Spot Rate is $0.60, while its 1

Assume that 1 year Forward Rate is used as the forecast of the future Spot Rate. The FFr Spot Rate is $0.60, while its 1 year Forward Rate is $0.58, The French 1 year interest Rate is 12%. What is the expected effective yield on a year deposit in France by a US Firm

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