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If the one-year forward rate for the euro is $1.07, while the current spot rate is $1.05, the expected percentage change in the euro is

If the one-year forward rate for the euro is $1.07, while the current spot rate is $1.05, the expected percentage change in the euro is ____ percent.

a. -1.87

b. 1.90

c. 2.00

d. None of these choices are correct.

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