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If the annual inflation rate is 3.01 percent in the UK and 244 percent in the US and the dollar appreciated against the pound by

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If the annual inflation rate is 3.01 percent in the UK and 244 percent in the US and the dollar appreciated against the pound by 1 28 percent, then estimate the real exchange rate implied by PPP conditions. Answer Format: Round to four decimals. Include the price currency only. Example: 1.1234(5) 1.1234(E)

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