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assume the following: current exchange rate $1.40/pound inflation rate/year in the us 4% inflation rate/year in england 7% if ppp holds what would you expect
assume the following:
current exchange rate $1.40/pound
inflation rate/year in the us 4%
inflation rate/year in england 7%
if ppp holds what would you expect the exchange rate to be in 7 years?
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International Business Finance
Authors: Michael Connolly
1st Edition
0415701538, 9780415701532
