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Required: The current spot exchange rate is HUF 254 per $1.00. Long-run inflation in Hungary is estimated at 10 percent annually and 3 percent in

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Required: The current spot exchange rate is HUF 254 per \$1.00. Long-run inflation in Hungary is estimated at 10 percent annually and 3 percent in the United States. If PPP is expected to hold between the two countries, what spot exchange should one forecast five years into the future? Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct

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