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Assume the inflation rate in the United States is 2.2 percent. The spot rate for a foreign currency is .947 while the 1 -year forward

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Assume the inflation rate in the United States is 2.2 percent. The spot rate for a foreign currency is .947 while the 1 -year forward rate is .951 . What is the approximate rate of inflation in the foreign country? Multiple Choice 2.62% 1.78% 2.37% 1.63% 1.49%

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