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Suppose that the one-year interest rate is 6.65% in the United States and 5.23% in Germany. The spot exchange rate is $1.2336/1.00. What should the

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Suppose that the one-year interest rate is 6.65% in the United States and 5.23% in Germany. The spot exchange rate is $1.2336/1.00. What should the one-year forward rate be to preclude arbitrage profits? $1.3827/1.00 $1.0528/1.00 $1.2503/1.00 $1.2171/1.00 $1.3156/1.00 $1.2981/1.00

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