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b. The CAD per EUR spot rate is currently CAD 1.46 per EUR. One-year Canadian government bonds currently pay 4%. Similar Euro bonds pay 3.5%.

b. The CAD per EUR spot rate is currently CAD 1.46 per EUR. One-year Canadian government bonds currently pay 4%. Similar Euro bonds pay 3.5%. If the Law of One Price holds, what is the 1-year CAD per EUR forward rate

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