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Suppose one Euro can purchase 1.25 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the U.S. dollar will appreciate by
Suppose one Euro can purchase 1.25 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the U.S. dollar will appreciate by 25% against the Euro over the next 60 days. How many dollars will a Euro buy in 60 days?
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