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The /$ spot exchange rate is $1.2000/ and the 180 day forward exchange rate is 1.2240/. What would be your best guess for the interest

The /$ spot exchange rate is $1.2000/ and the 180 day forward exchange rate is 1.2240/. What would be your best guess for the interest rate differential between 6-month $ rates and 6-month rates? a. the dollar yields 4% more than the euro on an annualized basis. b. the dollar yields 5% less than the euro on an annualized basis. c. the dollar yields 1% more than the euro on an annualized basis. d. the dollar yields 3% less than the euro on an annualized basis.

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