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The USD/EUR spot exchange rate is 1.5, the US interest rate is 3%, and the interest rate in Europe is 1%. What would be the

The USD/EUR spot exchange rate is 1.5, the US interest rate is 3%, and the interest rate in Europe is 1%. What would be the approximate equilibrium one-year forward rate in USD/EUR? 1.53 1.47 1.44

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