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Suppose that the one-year interest rate is 3.92% in the United States and 4.60% in Germany. The one-year forward exchange rate is $1.3994/1.00. What should

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Suppose that the one-year interest rate is 3.92% in the United States and 4.60% in Germany. The one-year forward exchange rate is $1.3994/1.00. What should the spot exchange rate be to preclude arbitrage profits? $1.4543/1.00 $1.4638/1.00 $1.1831/1.00 $1.0731/1.00 $1.4086/1.00 $1.3903/1.00

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