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Assume that one- year interest rates are 4.40% in Australia and 3.75% in the euro- zone. the spot rate between the euro and the Australian

Assume that one- year interest rates are 4.40% in Australia and 3.75% in the euro- zone. the spot rate between the euro and the Australian dollar is euro0.8250/A$. Assuming that the internatinal fisher effect holds, what should the euro/A$ exchange rate be one year hence? show your calculations.

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