Question: Please solve this problem with all the steps thank you! Question7 10 pts If the current exchange rate is $1.2694/, and the one-year money market

Please solve this problem with all the steps thank you!

Please solve this problem with all the steps thank you! Question7 10

Question7 10 pts If the current exchange rate is $1.2694/, and the one-year money market rate in the E uro zone is 0.83% while the equivalent money | market rate in the US, is 1.52%, the Direct quote for the one-year EURUSD forward rate (that is, in USD per EUR) should be Note: Round your answer to the nearest fourth digit after the decimal point. For example, if the calculated forward rate is 1.04817, enter your answer as: 1.0482 1.0848

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