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The spot rate is given to you as 1.0983 USD/EUR. The 3-month forward rate is provided by a broker as 1.1013 USD/EUR. The 3-month treasury

The spot rate is given to you as 1.0983 USD/EUR. The 3-month forward rate is provided by a broker as 1.1013 USD/EUR. The 3-month treasury bill rate in the United States is 0.08%. What is the 3-month Euro treasury bill rate that would be in equilibrium with the rest of these data?

1. 0.1926 %

2. -0.001926 %

3. -0.1926 %

4. 0.001926 %

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