Question: The current spot rate on the Euro is 0.59 per $1. U.S. Treasury bills are yielding 3%. The rate on a risk-free European asset is

The current spot rate on the Euro is 0.59 per $1. U.S. Treasury bills are yielding 3%. The rate on a risk-free European asset is 1%. What is the approximate 4-year forward rate if interest rate parity exists?

a. 0.54 = $1 b. 0.58 = $1 c. 0.60 = $1 d. 0.64 = $1

URGENT, can anyone help?

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