b. Suppose that gold prices rise by 2% in the United States and by 5% in the

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b. Suppose that gold prices rise by 2% in the United States and by 5% in the United Kingdom. What must be the exchange rate at the end of the year?

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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