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Suppose that the current EUR/USD exchange rate is 1.12 US dollars per one Euro. The one year forward exchange rate is 1.13 USD/EUR. The one

Suppose that the current EUR/USD exchange rate is 1.12 US dollars per one Euro. The one year forward exchange rate is 1.13 USD/EUR. The one year USD interest rate is 2.0% per annum continuously compounded. What is the one year EUR interest rate?

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