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Interest Rate Parity Assume that interest rate parity holds and that 90 -day risk-free securities yield 6% in the United States and 6.3% in Germany.

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Interest Rate Parity Assume that interest rate parity holds and that 90 -day risk-free securities yield 6% in the United States and 6.3% in Germany. In the spot market, 1 euro equals $1.35. What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places

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