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Using the information below, what will be the spot rate of the euro (USD/EUR) in one year based on the International Fisher Effect (=UIRP)? Keep

Using the information below, what will be the spot rate of the euro (USD/EUR) in one year based on the International Fisher Effect (=UIRP)? Keep at least four decimals throughout including your final answer.

Spot exchange rate of the euro (USD/EUR)	1.09
Interest rate in the US (i.e., annual rate expected next year), in %	5.65
Interest rate in the euro area (%)	4.25

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