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If the current spot rate is $1.325/ and the 6-month forward rate is $1.4556/. The yield on a $-security maturing in 6 months is 4%
If the current spot rate is $1.325/ and the 6-month forward rate is $1.4556/. The yield on a $-security maturing in 6 months is 4% p.a. and that on a euro security of the same maturity is 3% p.a. Choose the most appropriate statement:
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