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S($/)=1.37 and F($/=1.33 while the $ interest rate is 5% and the interest rate is 6%. Does IRP hold? No, but PPP holds No, borrow

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S($/)=1.37 and F($/=1.33 while the $ interest rate is 5% and the interest rate is 6%. Does IRP hold? No, but PPP holds No, borrow dollars No, borrow pounds Yes, IRP holds

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