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Suppose the spot rate on June 1, 2001 was 0.971= $1.00, and exactly nine months later the spot rate changed to 1.00 = $1.00. The

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Suppose the spot rate on June 1, 2001 was 0.971= $1.00, and exactly nine months later the spot rate changed to 1.00 = $1.00. The interest rate in the eurozone was 4%. What is the effective dollar interest rate from the eurozone deposit? Hint: Annualize the rate. O 6.09% O 8.12% O-8.12% O 0%

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