Assume the spot rate of the British pound is $1.30. The expected spot rate one...
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Assume the spot rate of the British pound is $1.30. The expected spot rate one year from now is assumed to be $1.10. What percentage depreciation does this reflect?
a. depreciated by 18.18
b. depreciated by 15.38
c. appreciated by 18.18
d. appreciated by 15.38
e. None of the above
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