At time zero the spot rate is 160 per gbp assume the next, Ask an Expert

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At time zero the spot rate is $1.60 per GBP. Assume the next year the U.S. inflation will be 3% and British Inflation 4%. What is the expected exchange rate at year end?

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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