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One USD bought 26 Russian rubles in March 2007 and 56 Russian rubles in March 2017. Calculate the annual appreciation rate of USD against the
One USD bought 26 Russian rubles in March 2007 and 56 Russian rubles in March 2017. Calculate the annual appreciation rate of USD against the Russian ruble. Assuming interest rate parity (IRP) holds, what should be the average difference in risk-adjusted nominal interests between the two countries
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