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One year ago, the spot exchange rate was $0.74 per CAD. Today, it is $0.914 per CAD. If the return on one year riskless US

One year ago, the spot exchange rate was $0.74 per CAD. Today, it is $0.914 per CAD. If the return on one year riskless US government debt is 3.4% and the Law of One Price holds, what should the return on one yer riskless Canadian government debt be? Please use the exact version of the formula.

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