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Suppose the U.S. offers a 2-month bond with a nominal interest rate of 3.43%. France offers a similar 2-month risk-free bond with a nominal interest

Suppose the U.S. offers a 2-month bond with a nominal interest rate of 3.43%. France offers a similar 2-month risk-free bond with a nominal interest rate of 5.615%. If the current spot rate is $1.227/euro, and uncovered interest rate parity holds, what is the expected spot rate in 2 months? Give your answer to 3 decimals.

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