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Assume that the Uncovered Interest Parity Condition holds. Calculate by how much the AUD should...

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Accounting

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Assume that the Uncovered Interest Parity Condition holds. Calculate by how much the AUD should change over the next year if the interest rate in the US is 1% and in Australia 3%. Indicate appreciation with + and depreciation with "-" in front of your numeric answer. Write percentage as 0.01 instead of 19%

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