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Assume that annual interest rates are 7 percent in the UnitedStates and 6 percent in Turkey. An FI can borrow (by issuing CDs)or lend (by

Assume that annual interest rates are 7 percent in the UnitedStates and 6 percent in Turkey. An FI can borrow (by issuing CDs)or lend (by purchasing CDs) at these rates. The spot rate is$0.6592/Tur 2 answers

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