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Considering the actual spot exchange rate as 127 pesetas per USD in 1987, predict future exchange rates for each year from 1988-1997 based on the

Considering the actual spot exchange rate as 127 pesetas per USD in 1987, predict future exchange rates for each year from 1988-1997 based on the PPP and IRP theory. Assume US inflation is constant at 4% over the period. For interest rates, take your own appropriate assumptions

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