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9. Assume that the spot exchange rate of the Mexican peso (MXN) is $0.05. The one-year interest rate is 3% in the United States and

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9. Assume that the spot exchange rate of the Mexican peso (MXN) is $0.05. The one-year interest rate is 3% in the United States and 7% in Mexico. What will the spot rafe be in one year according to the International Fisher Effect (to four decimal places)

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