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Suppose in 2013 the UK pound and Argentine peso interest rate is 5 percent and 7 percent respectively. A year later, if the expected rate

Suppose in 2013 the UK pound and Argentine peso interest rate is 5 percent and 7 percent respectively. A year later, if the expected rate of real peso depreciation against pound is 1.2, and the expected inflation rate in UK is 3 percent, calculate Argentinas expected inflation level.

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