Question: Please explain the steps to get to the answer -thank you! Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation

Please explain the steps to get to the answer -thank you!

Please explain the steps to get to the answer -thank you!

Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 6% in Norway and 3% per annu U.S., use the formula for relative purchasing power parity to estimate the one-year spot rate of krone per dollar. in the 7.87 krone per dollar 8.10 krone per dollar 8.34 krone per dollar There is not enough information to answer this

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