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The U.S. inflation rate is predicted to be 5.0% and the UK Inflation is 9.0%. The spot is $1.20 per British pound. Assuming the inflation

The U.S. inflation rate is predicted to be 5.0% and the UK Inflation is 9.0%. The spot is $1.20 per British pound. Assuming the inflation rates will not change, what will be the exchange rate (US $ per British pound) in three years?

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