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Assume the spot exchange rate is AUD 0.7030. The expected inflation rate is 1 percent in Australia and 1.3 percent in the U.S. What is

Assume the spot exchange rate is AUD 0.7030. The expected inflation rate is 1 percent in Australia and 1.3 percent in the U.S. What is the expected exchange rate one year from now if relative purchasing power parity exists?

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