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You are valuing an Indian company in rupees. The current exchange rate is Rs 45 per dollar and you have been able to obtain a

You are valuing an Indian company in rupees. The current exchange rate is Rs 45 per dollar and you have been able to obtain a 10-year forward rate of Rs 70 per dollar. If the U.S. Treasury bond rate is 5%, estimate the riskless rate in Indian rupees.

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