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Question: You will need $X U.S. one year from now and can invest funds in a U.S.-dollar account for the next year at j1=3%. Alternatively, you can invest in a Canadian-dollar account for the next year at J1=4%. If the current exchange rate is 0.9717 U.S.=$1 Cdn., what is the implied exchange rate one year from now ? Assume that both alternatives require the same amount of currency today

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92850314

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