International Fischer Forecasts. Assuming International Fisherone version of Purchasing Power Parity applies to the coming year, forecast

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International Fischer Forecasts. Assuming International Fisher—one version of Purchasing Power Parity—

applies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies:

a. Japanese yen/U.S. dollar in one year

b. Japanese yen/Australian dollar in one year

c. Australian dollar/U.S. dollar in one year

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