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Interest Rate Parity Assume that interest rate parity holds and that 9 0 - day risk - free securities yield 6 % in the United

Interest Rate Parity
Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.2% in Germany. In the spot market, 1 euro equals $1.37.
What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places.
$
Is the 90-day forward rate trading at a premium or discount relative to the spot rate?
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