Question: Question 7 (5 points) If the 1 year interest rate in Iceland is 5% and the 1 year rate in Canada is 3%, given that

Question 7 (5 points) If the 1 year interest rate in Iceland is 5% and the 1 year rate in Canada is 3%, given that the current spot rate is 5 Icelandic Krone per Canadian dollar, what would be the forecasted spot rate in 1 year given the IFE? 5 5.1 5.2 5.3 4.9

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