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Assume 1 is currently equal to 6211 also assume the

Question: Assume $1 is currently equal to £.6211. Also assume the expected inflation rate in the U.K. is 2.6 percent while it is 4.3 percent in the U.S. What is the expected exchange rate four years from now if relative purchasing power parity exists? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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