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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% b. 17% O c. 22.00% O d.-4.00% @ e. 28.00%

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