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QUESTION 13 Assume the inflation rate in the U.S. is 0.91 percent. The spot rate for a foreign currency is 1.4251 while the 1-year forward

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QUESTION 13 Assume the inflation rate in the U.S. is 0.91 percent. The spot rate for a foreign currency is 1.4251 while the 1-year forward rate is 1.4375. What is the approximate rate of inflation in the foreign country? 2.15% 2.03% 1.929 1.82% 1.7896

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