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The euro is currently trading at 0.81 euros per dollar. The interest rate on the...

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Finance

The euro is currently trading at 0.81 euros per dollar. The interest rate on the US Treasury Bill is 2.77% and the risk free interest rate in Europe is 2.26%. What is the arbitrage free future exchange rate between the euro and the U.S. dollar for one year in the future in euros per dollar?

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