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QUESTION 3 Suppose one year interest rates in Canada and Spain are 3% and 5%, respectively, and the spot value of the Canadian dollar is.80

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QUESTION 3 Suppose one year interest rates in Canada and Spain are 3% and 5%, respectively, and the spot value of the Canadian dollar is.80 euros. What should be the one year forward rate according to IRP? (Assume Canada is the home country and round intermediate steps to four decimals.) O .7848/CS C$.8155/ C$1.2263/ C$1.2743/

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