What is the ninty-day forward rate

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Assume that interest rate parity holds and that 90-day risk-free securities yield 5% in the United States and 5.3% in Germany. In the spot market, 1 euro equals $1.43.

Question 1: Determine What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places.

Reference no: EM132487289

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