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Suppose the one-year interest rate is 4.0 percent in Italy, the spot rate is $1.60/, and the one-year forward rate is $1.58/ . What should

Suppose the one-year interest rate is 4.0 percent in Italy, the spot rate is $1.60/€, and the one-year forward rate is $1.58/ €. What should be the one-year interest rate in the United States?

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