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Imagine that a German investor is interested in investing in the U . S . bond market. The current 2 - year zero - coupon

Imagine that a German investor is interested in investing in the U.S. bond market. The current 2-year zero-coupon U.S. Treasury bond yield is about 5.7%, while a similar bond issued by the German government has a yield of about 3.1%. Assuming these rates stay identical for two years and the current nominal exchange rate is 1.00= $1.07, calculate the break-even nominal exchange rate in Euros per dollar. (Round your answer to 2 decimal places).

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