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Suppose the Mexican spot exchange rate is 20.6 Mexico Peso per U.S. dollar. U.S. inflation is expected to be 3% per year, and Mexican inflation

Suppose the Mexican spot exchange rate is 20.6 Mexico Peso per U.S. dollar. U.S. inflation is expected to be 3% per year, and Mexican inflation is expected to be 5%. What is the expected exchange rate in 4 year? (Enter your answers rounded to 2 decimal places, leave out any non-numeric character, for example, 236.57)

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