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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 3% Taiwan one-year risk-free interest is 5%

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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 3% Taiwan one-year risk-free interest is 5% Spot rate of the Taiwanese dollar (TWD) is $0.031 If you are to receive 10 million TWD in one year, how many U.S. dollars will this convert to

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