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Suppose that the 90-day forward rate on the euro is $1.32198, while the current spot...

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Suppose that the 90-day forward rate on the euro is $1.32198, while the current spot rate is $1.3200. Which of the following best approximates the forward premium on an annualized basis? (Hint: Only consider 12 30-day months. In other words, consider a year to be only 360 days.) O 0.50% O 0.30% O 0.40% 0.60% Grade Final Step TOTAL SCORE: 1/2 (to complete this step and unlock the next step)

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