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Q 5 - ( 1 5 Points ) At spot Market, currently 1 = 2 1 . 4 TRY ( i . e . ,

Q 5-(15 Points)
At spot Market, currently 1=21.4 TRY (i.e.,TRY=21.4) Assuming that the Inflation rates for U.K (United Kingdom) and Turkey are projected as 7% and 23% respectively; Calculate how many Turkish Liras you would need to get 1 UK. Pound in 1 year time.
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