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The current spot exchange rate is HUF270/$1.00. Long-run inflation in Hungary is estimated at 10 percent annually and 3 percent in the United States. If

image text in transcribed The current spot exchange rate is HUF270/\$1.00. Long-run inflation in Hungary is estimated at 10 percent annually and 3 percent in the United States. If PPP is expected to hold between the two countries, what spot exchange rate should one forecast five years into the future? (Round your answer to 2 decimal places.)

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