Let ih and if represent the nominal 1-year interest rates for a home and foreign country, respectively. Suppose that the nominal interest rate in the United States (the "home" country) is 8.00%, while the nominal interest rate in Mexico (the "foreign" country) is 3.50%. Use the formula from the previous part of the question, ef=1+ih1+if1 , to determine the expected change in the value of the peso under IFE. According to the IFE theory, the peso would be expected to change in value by approximately