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10. Assume that the International Fisher Effect holds and that the: U.S. one-year risk-free interest rate in is 1% Norwegian one-year risk-free interest is 4%

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10. Assume that the International Fisher Effect holds and that the: U.S. one-year risk-free interest rate in is 1% Norwegian one-year risk-free interest is 4% Spot rate of the Norwegian Krone (NOK) is $0.12 If you are to receive 1 million NOK in one year, how many U.S. dollars will this convert to

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