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Suppose the current exchange rate between the United States and Spain is $1.42/. The continuously compounded interest rate in the U.S. is 9%, while the

Suppose the current exchange rate between the United States and Spain is $1.42/. The continuously compounded interest rate in the U.S. is 9%, while the continuously compounded euro-denominated interest rate is 7%. What is the price of a 6 -month prepaid forward contract on the euro?

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