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1 . Assume Switzerland has a one - year interest rate of 3 % and that of Ghana is 3 0 % . If the

1. Assume Switzerland has a one-year interest rate of 3% and that of Ghana is 30%. If the International Fisher Effect (IFE) holds, what would your forecast of the price of Swiss franc in cedis be in one year? Assume that the initial exchange rate is GHS13.54 to the Swiss franc.

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