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The spot rate is 8,35 TL/$. The inflation rate in TL is 34%, whereas the inflation rate in the US is 5.4%. According to the

The spot rate is 8,35 TL/$. The inflation rate in TL is 34%, whereas the inflation rate in the US is 5.4%. According to the Purchasing Power Parity Theorem whatd be the FX rate one year from today? What is the amount of appreciation in US $? (TL = Turkish Lira)

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