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Suppose the 1-year domestic interest rate is 0.28, keeping in mind that means (100times0.28)%. Suppose also that the 1-year expected exchange rate is 59, and

Suppose the 1-year domestic interest rate is 0.28, keeping in mind that means (100\times0.28)%. Suppose also that the 1-year expected exchange rate is 59, and the current spot exchange rate is 50, both measured in domestic currency per foreign currency. What is the 1-year foreign interest rate according to uncovered interest parity?

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