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13. If the interest rate is 6% in the United States and 896 in Australin, what is the expected rate of depreciation of foreign currency?

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13. If the interest rate is 6% in the United States and 896 in Australin, what is the expected rate of depreciation of foreign currency? 14. A one-year CD in Europe is currently paying 5%, and the exchange rate is currently 0.99 euro per dollar. If you believe the exchange rate will be 1.04 euros per doilar one year from now, what is the expected retum in terms of dollars

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