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In the spot market, $1 is currently equal to 50.5086. The expected inflation rate in the U.K. is 5% and in the U.S. 4 %.

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In the spot market, $1 is currently equal to 50.5086. The expected inflation rate in the U.K. is 5% and in the U.S. 4 %. What is the expected exchange rate one year from now if relative purchasing power parity exists? Multiple Choice 0 5.5077

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