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If the 1-year interest rate is 2.25 percent in the United States; the EURO-USD spot exchange rate is $1.10000/; and the 1-year forward exchange
If the 1-year interest rate is 2.25 percent in the United States; the EURO-USD spot exchange rate is $1.10000/; and the 1-year forward exchange rate is $1.12475/. What must the 1-year interest rate be in the eurozone? 2.25% -1% 1.5% 0%
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
