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Problem 9 A late penalty of 10% will apply to new answers. Intro Assume that the real interest rate is constant everywhere. The annual nominal

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Problem 9 A late penalty of 10% will apply to new answers. Intro Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 4.8% in the U.S. and 3.4% in Australia. Part 1 Attempt 1/10 for 9 pts. What is the exact expected percentage change in the exchange rate (measured in U.S. dollars per Australian dollar) according to the international Fisher effect? 4+ decimals Submit

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