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QUESTION 21 The inflation rate in the UK is expected to be 3% per year, and the inflation rate in Australia is expected to be

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QUESTION 21 The inflation rate in the UK is expected to be 3% per year, and the inflation rate in Australia is expected to be 7% per year. The current spot rate is AUD11/GBP. What is the expected spot rate (AUD/GBP) in two years? INSTRUCTIONS 1. Provide your final answer to two decimal places. 9.27

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