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Suppose in the 1 9 8 0 ' s five - year deposit rates on eurodollars and euromarks were 1 2 % and 8 %

Suppose in the 1980's five-year deposit rates on eurodollars and euromarks were 12% and 8% respectively. If the current spot rate for the mark was $0.50, then according to the IFE: What was the expected spot rate for the mark five years later implied by those interest rates?

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