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The Canadian dollar's current exchange rate is 0.6 U.S. dollar per Canadian dollar. The Canadian interest rate is 1% a year. The U.S. interest rate
The Canadian dollar's current exchange rate is 0.6 U.S. dollar per Canadian dollar. The Canadian interest rate is 1% a year. The U.S. interest rate is 3.3% a year. If the interest rate parity condition holds, what is the expected exchange rate of the Canadian dollar in a year?[Please use 3 digits after the decimal point when providing your answer]
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