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The inflation rates in the U.S. and UK are expected to be 2% per annum and 4% per annum, respectively. If the current spot rate

The inflation rates in the U.S. and UK are expected to be 2% per annum and 4% per annum, respectively. If the current spot rate is 1=$1.3020, then according to the PPP, what should be the expected spot rate in two years?

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