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Assume that IRP holds. The U.S. five-year interest rate is 5% per year while the Mexican five-year rate is 8% per year. If today's spot

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Assume that IRP holds. The U.S. five-year interest rate is 5% per year while the Mexican five-year rate is 8% per year. If today's spot rate ($/P) of the peso is $.0515, obtain the five-year forecast of the peso's spot rate using the five-year forward rate? O $.0589 O $.0447 O $.0530 O $.0501 O $.0593

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