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Business, 09.07.2019 02:20, ivanlopez9852

The interest rate on south korean government securities with one-year maturity is 4% and the expected inflation rate for the coming year is 2%. the u. s. interest rate on government securities with one-year maturity is 7%, and the expected rate of inflation is 5%. the current spot exchange rate for korea won is $1 = w1,200. forecast the spot exchange rate one year from today. explain the logic of your answer.

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