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Suppose the spot and six-month forward rates on the Norwegian krone are Kr 8.39 and Kr 8.48, respectively. The annual risk-free rate in the United

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Suppose the spot and six-month forward rates on the Norwegian krone are Kr 8.39 and Kr 8.48, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate in Norway is 5.7 percent. b. The six-month forward rate on the Norwegian krone would have to be kr/ to prevent arbitrage. (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

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