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Suppose that the spot rate for the euro is $ 1 . 1 9 0 0 and with a forward rate of $ 1 .

Suppose that the spot rate for the euro is $1.1900 and with a forward rate of $1.1424.
Which of the following most closely approximates the forward discount of the euro?
0.0080%
0.0120%
0.0040%
-4.0000%
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