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Assume that annual interest rates in the United States are 3 percent, while interest rates in France are 7 percent. If the euro's spot rate

Assume that annual interest rates in the United States are 3 percent, while interest rates in France are 7 percent. If the euro's spot rate is $1.00, the one-year forward rate of the euro should be $. 0.99 0.97 1.01 1.03 0.96 1.04 1.00 1.02 0.98

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