Assume that locational arbitrage ensures that spot exchange rates are properly aligned. Also assume that you believe in purchasing power panty, The spot rate of the British pound is 51.90 . The spot rate of the Swiss franc is 0.3 pounds. You expect that the one-yeor inflation rate is 6 percent in the United Kingdom, 4 percent in Switzeriand, and 2 percent in the United States. The one-year interest rate is 5 percent in the United Kingdom. 2 percent in Switzenland, and 3 percent in the United States. What is vour expected spot rake of the Swiss franc in one year with respect to the U.S. dolior? Do not round intermediate calculations, Round your answer to three decimal placen: The U,5. 3-month interest rate (unannualized) is 1 percent. The Canadian J-month interest rate (unannwalized) is 1 percent Intecest rate pontrexsts. The expected inllation over this period is 4 percent in the United 5 tates and 2 percent in Canada. A call option with 43 -month expiration date on Canadian dollars is available for a premium of 50 oa and a strike price of 50.59 . The spot rate of the Canadian dollar is $0.62. Assurne that you beleve in purchasing power parky intermedioth calculations. Round your answer to the nearest dollar 1 cakculations. Round your anwer to the neorest dollar