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Suppose you are a U . S . resident. You are expecting a payment of C $ 6 0 , 0 0 0 three years
Suppose you are a US resident. You are expecting a payment of $ three years from now. The riskfree rate of return is percent in the US and percent in Canada. The inflation rate is percent in the US and percent in Canada. Suppose the current exchange rate is $$ If uncovered interest parity holds, how much approximately will the payment in three years be worth in US dollars?
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