Question
Suppose the three-month savings rate of USD is 4.12%, the three-month lending rate of EUR is 2.02%, the spot bid exchange rate is EUR/USD is
Suppose the three-month savings rate of USD is 4.12%, the three-month lending rate of EUR is 2.02%, the spot bid exchange rate is EUR/USD is 1.0568. What is the maximum of the future three-month spot ask exchange rate of EUR/USD?
(Note: Please round the answer to the nearest four decimal places.).
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