Question: Forecasting the Future Spot Rate Based on IFE. Assume that the spot exchange rate of the Argentine peso (ARS) is USD .011. The 270-day interest

Forecasting the Future Spot Rate Based on IFE. Assume that the spot exchange rate of the Argentine peso (ARS) is USD .011. The 270-day interest rate (annualized) is 1% in the United States and 8% in Argentina. What will the spot rate ARSUSD be in 9 months, according to the IFE? (You may use the approximate formula to answer this question.) (6 points

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