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The Swiss Franc can be exchanged for 2.5 Czech crowns in spot markets and 2.6 crowns in one-year forward markets. The current one-year Swiss interest

The Swiss Franc can be exchanged for 2.5 Czech crowns in spot markets and 2.6 crowns in one-year forward markets. The current one-year Swiss interest rate is 8%. If there are no arbitrage opportunities, what is the current one year Czech interest rate

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