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The spot exchange rate is 1.50 USD/EUR. The simple interest rate for the USD is 1.00%. The simple interest rate for the EUR is 2.00%.

The spot exchange rate is 1.50 USD/EUR. The simple interest rate for the USD is 1.00%. The simple interest rate for the EUR is 2.00%. What is the one-year forward rate USD/EUR (simple terms)?

1.4853

1.5000

1.5149

1.4949

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