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Suppose the spot exchange rate for the Hungarian forint is HUF 308.27/S. The inflation rate in the United States will be 2.6 percent per year.

Suppose the spot exchange rate for the Hungarian forint is HUF 308.27/S. The inflation rate in the United States will be 2.6 percent per year. The inflation rate in Hungary will be 4.5 percent per year. What is the expected spot exchange rate for the Hungarian in 3 years?

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