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Suppose annual inflation rates in the U.S. and Mexico are expected to be 6% and 30%, respectively, over the next several years. If the current

Suppose annual inflation rates in the U.S. and Mexico are expected to be 6% and 30%, respectively, over the next several years. If the current spot rate for the Mexican peso is $0.005/Ps, then relative purchasing power parity suggests that the peso's value in 5 years will be approximately ____. a. $0.00024/Ps b. $0.00180/Ps c. $0.00321/Ps d. $0.00502/Ps e. $0.00710/Ps

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