Question: Question 21 (5 points) (DO NOT write your answer here! To receive full credit, show clearly your complete work on a piece of paper and

Question 21 (5 points) (DO NOT write your answer here! To

Question 21 (5 points) (DO NOT write your answer here! To receive full credit, show clearly your complete work on a piece of paper and submit it to the Dropbox) **KEEP 4 DECIMAL POINTS** (5 points) Suppose the annual interest rate is 3% in U.S. per year and 5% in Germany per year, the current spot rate is S(USD/EUR)=1.1723. What would be 1-year forward rate of F12(USD/EUR)

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