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PROBLEM 2 (5 POINTS) Assume that the exchange rate is 1.51 CAD/1 EUR (CAD: Canadian Dollar, EUR: Euro) a) A forecast predicts a 5.1% EUR

PROBLEM 2 (5 POINTS) Assume that the exchange rate is 1.51 CAD/1 EUR (CAD: Canadian Dollar, EUR: Euro) a) A forecast predicts a 5.1% EUR depreciation. What is the value of the exchange rate that this individual is predicting? (2 POINTS)

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