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If the 1 year interest rate in Iceland is 7% and the 1 year rate in Canada is 3% given that the current spot rate

If the 1 year interest rate in Iceland is 7% and the 1 year rate in Canada is 3% given that the current spot rate is 15 Icelandic Krona per Canadian dollar what would be the forecasted spot rate in 1 year using the IFE? 15 15.6 14.8 13.2

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