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Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 6% in Norway and 3% per annum in the

Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 6% in Norway and 3% per annum in the U.S., what is the expected one-year spot rate of krone per dollar according to PPP?

Your answer: -----------------------Krone/$ (answer previously provided was 8.34 is incorrect)

(Keep two decimals; Do include the - if your answer is a negative number.)

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