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Suppose that the spot rate for the euro is $ 1 . 6 1 0 0 and with a forward discount of - 2 .

Suppose that the spot rate for the euro is $1.6100 and with a forward discount of -2.00%.
Which of the following most closely approximates the implied forward rate of the euro in this situation?
$0.0047
$0.0016
$1.5778
$0.0032

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