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Suppose the spot exchange rate for the Canadian dollar is Can$1.08 and the six-month forward rate is Can$1.10. b. Assuming absolute PPP holds, what is
Suppose the spot exchange rate for the Canadian dollar is Can$1.08 and the six-month forward rate is Can$1.10.
| b. | Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Can$3.45? (Round your answer to 3 decimal places, e.g., 32.161.) |
| Cost in U.S. dollars | $ |
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Campaign Finance Reform
Authors: Melissa M. Smith, Glenda C. Williams, Larry Powell, Gary A. Copeland
1st Edition
