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Question 18 Please use the data below to answer the following question. Expected annual inflation rate in the US 6% (th) Expected annual inflation rate

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Question 18 Please use the data below to answer the following question. Expected annual inflation rate in the US 6% (th) Expected annual inflation rate in UK (if) Current Exchange Rate 12% 1 GBP USD 1.75 According to Purchasing Power Parity, one year later, the expected spot price for GBP should be: $1.6563 O $1.8491 $1.7599 O $3,4063 10 pts 10 pts

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