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Assume that Canadian (domestic) interest rate is 6%, EU (foreign interest rate is 3%. and the nominal exchange rate is $1.5 Canadian per 1 euro.

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Assume that Canadian (domestic) interest rate is 6%, EU (foreign interest rate is 3%. and the nominal exchange rate is $1.5 Canadian per 1 euro. According to the covered interest rate parity, what should be the corresponding forward price of euro in Canadian dollars? OA $1.54 B. $0.65 OC. $1.46 OD $0.69

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