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Suppose the 3 - month risk - free rate of interest in the U . S . was 1 . 7 % . On that

Suppose the 3-month risk-free rate of interest in the U.S. was 1.7%. On that date the spot exchange rate between the U.S. dollar and the Chinese yuan ($/Y) was 0.010798, and the forward exchange rate for 3 months was 0.010803. According to the interest rate parity, what would you expect the 3-month risk-free rate of interest to be in China?
0.65%
1.13%
1.65%
2.13%

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