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The inflation rates in the U.S. and France are expected to be 4% per annum and 7% per annum, respectively. If the current spot rate

The inflation rates in the U.S. and France are expected to be 4% per annum and 7% per annum, respectively. If the current spot rate is $.1050, then according to the PPP, what should be the expected spot rate in one years?

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