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If the interest rate on euro-denominated deposits is 11 % and it is 8% on dollar deposits, and if the euro is expected to depreciate

If the interest rate on euro-denominated deposits is 11 % and it is 8% on dollar
deposits, and if the euro is expected to depreciate at a 4 % rate, for Francois the
Foreigner the expected rate of return on dollar deposits is?

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