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Assume $1 is currently equal to A$1.2924 in the spot market. Also assume the expected intlation rate in Australia is 28 percent as compated to

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Assume $1 is currently equal to A\$1.2924 in the spot market. Also assume the expected intlation rate in Australia is 28 percent as compated to 2.4 percent in the U.S. What is the expected exchange rate one year from now if relative purchasing power panty exists? A. AS 1.2976 B.AS1 2872 C. AS1 3005 D. AS1 2952

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