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Suppose the 30-day forward price of the EURO is 0.90 USD/EUR and that the 30-day interest rate on a USD bank deposit is 0.75% and

Suppose the 30-day forward price of the EURO is 0.90 USD/EUR and that the 30-day interest rate on a USD bank deposit is 0.75% and on a EUR deposit is 0.56%. Given this, today s USD/EUR spot rate rounded to 5 decimal places would be expected to be Select one: a. 1.13208 b. 1.10835 c. 1.09054 d. 0.90170 e. 0.89830

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