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Suppose that the euro-U.S. dollar exchange rate is $ I .2000/ today. If the spot...

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Finance

Suppose that the euro-U.S. dollar exchange rate is $ I .2000/ today. If the spot exchange rate is $1.2500/ one year from now, what is the percentage change in the value of the U.S. dollar during the year? Round your answer to two decimal places.

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