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Assume that the current spot rate for the South African rand (ZAR) is $0.0560. If the U.S. experiences an inflation rate of 5% while South

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Assume that the current spot rate for the South African rand (ZAR) is $0.0560. If the U.S. experiences an inflation rate of 5% while South Africa experiences an inflation rate of 2%, according to relative purchasing power parity how will the spot rate adjust (i.e., what will the new spot rate be to four decimal places)

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