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5. Suppose that the Interest rate on dollar accounts Is equal to 2% (1$ - 0.02), the Interest rate on Polish zloty accounts Is equal

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5. Suppose that the Interest rate on dollar accounts Is equal to 2% (1$ - 0.02), the Interest rate on Polish zloty accounts Is equal to 4.5% (Izl = 0.045), and the expected exchange rate between the dollar and the zloty one year from now is ee - 4 z1/$. Assume that the (uncovered) Interest parity holds. Find the spot exchange rate, e. (Answer In zt/$ and round to the nearest tenth.)

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