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Assume relative PPP holds. The USD/EUR spot rate was USD1.2/EUR last year. Inflation in the US was 6% and inflation in France was 5%.

Assume relative PPP holds. The USD/EUR spot rate was USD1.2/EUR last year. Inflation in the US was 6% and inflation in France was 5%. Calculate today's USD/EUR spot raw Notes: Do not label your answer. Round your answer and intermediate steps to four decimal places. Type your answer....

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