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Suppose you observe a spot exchange rate of S1.0500VE. If interest rates are 5% APR in the U.S. and 396 APR in the euro zone,

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Suppose you observe a spot exchange rate of S1.0500VE. If interest rates are 5% APR in the U.S. and 396 APR in the euro zone, what is the no-arbitrage tyear forward rate? E1.0300rs 51.0704/6 51.03c0ie C1.0704/s

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