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Suppose that S = $1.1045/. The annualized inflation rates are 4% and 2.75% in the U.S and Germany, respectively. Find the exact spot rate in

Suppose that S = $1.1045/. The annualized inflation rates are 4% and 2.75% in the U.S and Germany, respectively. Find the exact spot rate in one year. Do not write any symbol. Make sure to round your answers to the nearest 10000th decimal points.

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