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The current USD/euro exchange rate is 1.395 dollar/euro. The 7-month forward exchange rate is 1.393. The 7-month USD interest rate is 1.1% per annum (cont.

The current USD/euro exchange rate is 1.395 dollar/euro. The 7-month forward exchange rate is 1.393. The 7-month USD interest rate is 1.1% per annum (cont. comp). Estimate the 7-month euro interest rate.

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