Suppose you observe a spot exchange rate of $1.4407/C. If interest rates are 9.4% APR in the U.S. and 3.2% APR in the ouro zone. what is the no-arbitrage foyear forward rate for the euro in tems of dollars (USDEUR)? Submit your final answer rounded to two decimal places (Ex. 0.00). Suppose you observe a spot exchange rate of $1.4407/. If interest rates are 9.4% APR in the U.S. and 3.2% APR in the euro zone, what is the noarbitrage 1-year forward rate for the euro in terms of dollars (USD/EUR)? Submit your final answer rounded to two decimal places (Ex.0.00)