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Let's say the Canadian dollar's current exchange rate is 0.6 U.S. dollar per Canadian dollar. The Canadian interest rate is 1% a year. The U.S.

Let's say the Canadian dollar's current exchange rate is 0.6 U.S. dollar per Canadian dollar. The Canadian interest rate is 1% a year. The U.S. interest rate is 4.1% a year. If the interest rate parity condition holds, what is the expected exchange rate of the Canadian dollar in a year?

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