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

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

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