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The CAD/USD exchange rate at the beginning of the year 2015 is 1.9235. The interest rates in the year 2015 were 4.08% for Canada

The CAD/USD exchange rate at the beginning of the year 2015 is 1.9235. The interest rates in the year 2015 were 4.08% for Canada and 2.34% for US. Calculate the CAD/USD PPP exchange rate at the beginning of the year 2016. A. CAD/USD 1.9562 B. USD/CAD 1.9562 C. CAD/USD 1.9235 D. USD/CAD 1.8752

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