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Refer again to the equation Ft[%St,+N(ForeignCurrenciUSD)]=[i(USD)i( ForeignCurreney) ]. In the carry trade. in which one borrows in a low interest currency and invests the proceeds

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Refer again to the equation Ft[%St,+N(ForeignCurrenciUSD)]=[i(USD)i( ForeignCurreney) ]. In the carry trade. in which one borrows in a low interest currency and invests the proceeds in a high interest currency the expected proft un UIP is negative if

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