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You are given the following interest and inflation rates: Germany interest rate: 8% Canada interest rate: 16% Germany inflation: 2% US inflation: 14% If parity

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You are given the following interest and inflation rates: Germany interest rate: 8% Canada interest rate: 16% Germany inflation: 2% US inflation: 14% If parity conditions hold, the interest rate in the US will approximately be equal to: a. 20.00% O b. 17% C. 22.00% O d. -4.00% O e. 28.00%

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