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The inflation rates in the U.S. and France are expected to be 4% per annum and 7% per year, 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 year, respectively. If the current spot rate of the euro is $1.20, then the expected spot rate in three years is

1.236

$1.098

$1.165

$1.311

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