If the European interest rate is 4% and the US interest rate is 6% and the spot exchange rate is $1.50/1. According to the uncovered interest parity condition which one of the following statements is correct? Select one: a. The dollar-euro rate in one year's time will be approximately $1.53/1 b. The dollar-euro rate in one year's time will be approximately \$1.47/1 c. The dollar-euro rate in one year's time is expected to be approximately $1.47/1. d. The dollar-euro rate in one year's time is expected to be approximately $1.53/1 If the European interest rate is 4% and the US interest rate is 6% and the spot exchange rate is $1.50/1. According to the uncovered interest parity condition which one of the following statements is correct? Select one: a. The dollar-euro rate in one year's time will be approximately $1.53/1 b. The dollar-euro rate in one year's time will be approximately \$1.47/1 c. The dollar-euro rate in one year's time is expected to be approximately $1.47/1. d. The dollar-euro rate in one year's time is expected to be approximately $1.53/1