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suppose the spot exchange rate for the Canadian dollar is 1.034, the 3-month forward rate is 1.036, and the 1-year forward rate is 1.039. if

suppose the spot exchange rate for the Canadian dollar is 1.034, the 3-month forward rate is 1.036, and the 1-year forward rate is 1.039. if no other information available, what will be your guess about the spot rate in 1 year?

a.)1.039

b.)1.037

c.)1.034

d.)1.036

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