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On January 1,1995 , the expected interest rates in the U.S. and Greece were forecast over a three year period to by 3% and 8%,
On January 1,1995 , the expected interest rates in the U.S. and Greece were forecast over a three year period to by 3% and 8%, respectively. If the current USD spot rate that day for the Greek drachma was $.007, the expected spot rate in three years at parity would be $.00823 $.00607 $.00694 $.00751
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