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Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 5.7% in the U.S. and 3.2% in Australia. Part 1

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Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 5.7% in the U.S. and 3.2% in Australia. Part 1 1 - Attempt 1/10 for 10 pts. What is the exact expected percentage change in the exchange rate (measured in U.S. dollars per Australian dollar) according to the international Fisher effect? 4+ decimals Submit

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