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The exchange rate between euros and dollars is currently 0.9 euros per dollar. Inflation is expected to be 1% in Europe and 2.3% in the

The exchange rate between euros and dollars is currently 0.9 euros per dollar. Inflation is expected to be 1% in Europe and 2.3% in the US. If relative purchasing power parity holds, what is the expected exchange rate in 3 years (in euros per dollar)?

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