The one year interest rates for investments of identical risk in the UK and US are 5%

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The one year interest rates for investments of identical risk in the UK and US are 5% and 7%, respectively.What should be the percentage change in the value of US dollars in terms of pounds according to IFE?Assume the UK is the domestic country.Round intermediate steps and your final answer to four decimals.Enter your answer in decimal format (EX: .XXXX).

Posted Date: May 19, 2024 01:11 PM

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The one year interest rates for investments of identical risk in the UK and US are 5%

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