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You want to find out forward rate by interest rate parity. Suppose U.S. risk free rate is 4.5% , and Canadian risk free rate is

You want to find out forward rate by interest rate parity. Suppose U.S. risk free rate is 4.5% , and Canadian risk free rate is 2.3% . The current spot exchange rate is 1.23 canadian dollar per U.S. dollar. What is the approximate 2 year forward rate if interest rate parity holds?(Enter your answers rounded to 2 decimal places, leave out any non-numeric character, for example, 236.57)

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