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Over a year the consumer price index changed from 210 to 215 in the US. For the same period the Canadian inflation rate was 5%.

Over a year the consumer price index changed from 210 to 215 in the US. For the same period the Canadian inflation rate was 5%. The exchange rate was USD 0.95 per CAD at the beginning of the year. What should be the exchange rate (USD per CAD) at the end of the year if relative PPP were to hold? Round your answer to two decimal places and report it without the currency symbols.

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