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ii) You have the following information from the money market and foreign exchange markets of USA and UK. (4) Both the markets are very efficient

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ii) You have the following information from the money market and foreign exchange markets of USA and UK. (4) Both the markets are very efficient and the parity conditions hold true (Both PPP and IRP). (a) Estimate inflation in USA next year (b) Estimate today's one year GBP/USD forward exchange rate

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