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Given a current spot rate of 8.46 Swedish krona per U.S. dollar, expected inflation rates of...

Given a current spot rate of 8.46 Swedish krona per U.S. dollar, expected inflation rates of 4% per annum in the U.S. and 5% in Sweden, use the formula for relative purchasing power parity to estimate the one-year (forward) spot rate of krona per dollar.

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