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What is the spot rate of the eur

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Reference no: EM132962830

Question - On April, 2020, 30-day forward Euro were sold at $1.09. Suppose the 30-day forward EUR was selling at a 6% annualized premium, what is the Spot rate of the EUR?

a. $1.2083

b. $1.0583

c. $1.0283

d. $1.0846

Reference no: EM132962830

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