What is expected spot rate in one year

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The current spot rate between the U.S. dollar and the Swedish krona is $1 = 6.8602 krona. Assume the inflation rate in the United States is 9 percent and in Sweden is 3 percent.

What is the expected spot rate in one year? (Do not round intermediate calculations and round your final answer to 4 decimal places.)

Reference no: EM131998915

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