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Assume that annual interest rates in the United States are 6 percent, while interest rates in France are 7 percent. If the euros spot rate

Assume that annual interest rates in the United States are 6 percent, while interest rates in France are 7 percent. If the euros spot rate is $1.00, the one-year forward rate of the euro should be $____.
Group of answer choices
1.03
1.02
0.96
1.01
0.98
0.99
1.04
0.97
1.00

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