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Suppose a bank quotes S = $1.1045/. The annualized risk-free interest rates are 4% and 6% in the U.S and Germany, respectively. Find the approximate

Suppose a bank quotes S = $1.1045/. The annualized risk-free interest rates are 4% and 6% in the U.S and Germany, respectively. Find the approximate forward rate for the euro. Do not write any symbol. Make sure to round your answers to the nearest 100th decimal points. For example, write 1.2345 for $1.2345/.

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