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The 8-month interest rates in Switzerland and the U.S. are 2.4% and 2.2% per annum, respectively (cont. comp). The spot price of the Swiss franc

The 8-month interest rates in Switzerland and the U.S. are 2.4% and 2.2% per annum, respectively (cont. comp). The spot price of the Swiss franc is $1.077. What should the exchange rate be for a contract deliverable in 8 months?

(round to the nearest 0.0001)

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