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The annualized forward premium on the euro is 7 percent. What is the 90-day forward rate on the euro if the spot rate today is

The annualized forward premium on the euro is 7 percent. What is the 90-day forward rate on the euro if the spot rate today is $1.257 a. $1.34 b. $1.16 c. $1.27 d. $1.23

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