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The spot exchange rate is $1.4019/ and the rates of inflation expected to prevail for the next year in the U.S. is 2.55% and 3.55%

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The spot exchange rate is $1.4019/ and the rates of inflation expected to prevail for the next year in the U.S. is 2.55% and 3.55% in the euro zone. What is the one-year forward rate that should prevail? Answer Format: round to four decimals and include the price currency. For example: 1.1234($); 1.1234()

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