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Suppose you observe the spot euro at $1.50/, the U. S. risk-free interest rate of 3.25% (continuously compounded), and the six month futures price of

Suppose you observe the spot euro at $1.50/, the U. S. risk-free interest rate of 3.25% (continuously compounded), and the six month futures price of $1.50/. Identify the correct implied European risk-free interst rate. Show your work

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