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boland boland
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Posts: 1892
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7 years ago
One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S. has been 4% greater than that in Canada. Based on the theory of Relative PPP, the current spot exchange rate of U.S. dollars for Canadian dollars should be approximately
A) $1.04/C$1.
B) $0.96/C$.
C) $1/C$1.
D) Relative PPP provides no guide for this type of question.
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Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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7 years ago
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boland Author
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#2
7 years ago
You're amazing, seriously
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#3
7 years ago
You're welcome Wink Face
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