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One year ago, the exchange rate for CAD-USD was US$0.9,368/C$1.00. Over the past year inflation in the U.S. has been 2.59% while inflation in Canada

One year ago, the exchange rate for CAD-USD was US$0.9,368/C$1.00. Over the past year inflation in the U.S. has been 2.59% while inflation in Canada has been 1.51%. Based on the theory of relative PPP, the current spot should be "approximately" US$___/C$1.00?

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