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EURUSD is trading at 1.0850, US 3 month interest rates are 1.25% whilst Euro 3 month rates are 2.25%. The exchange rate for the long

EURUSD is trading at 1.0850, US 3 month interest rates are 1.25% whilst Euro 3 month rates are 2.25%. The exchange rate for the long leg of a 3 month swap will be?

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