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nice , easy to understand solution please 1. (3 points) The spot exchange rate (USD per EUR) is 1.5. The one-year Euro interest rate is

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nice , easy to understand solution please

1. (3 points) The spot exchange rate (USD per EUR) is 1.5. The one-year Euro interest rate is 2%. The US one-year interest rate is also 2%. Note that exp(0.02) = 1.020. What is the one-year forward exchange rate (USD per EUR)? My Answer is

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