Question
Let's assume that the spot rate is 1USD=7.83EGP and that Egypt's current inflation rate is 10.1% while the US one is equivalent to 0.7% Predict
Let's assume that the spot rate is 1USD=7.83EGP and that Egypt's current inflation rate is 10.1% while the US one is equivalent to 0.7%
Predict the value in EGP of 1 USD in 5 years using the Purchasing Power Parity relationship.
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593471
