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The current spot exchange rate is $1.19/ and inflation rates are 2 and 3 in US and euro zone, respectively. What is the 1-year forward

The current spot exchange rate is $1.19/ and inflation rates are 2 and 3 in US and euro zone, respectively. What is the 1-year forward rate?provide step-by-step instructions for solving the problem

1.00 = $1.2623

$1.00 = 1.2623

1.00 = $1.1784

1.00 = $0.8486

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