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Assume the 5-year interest rate in US is 5.5% and the interest rate is 7.5% in Germany. If the current spot rate is $1.08/, what

Assume the 5-year interest rate in US is 5.5% and the interest rate is 7.5% in Germany. If the current spot rate is $1.08/, what is the value of the forward exchange rate that prevents covered interest arbitrage?

		0.9832
		0.9375
		0.9914
		0.9564

please give solutions

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