Question: Using the formula for relative purchasing power parity, what is the one-year forward (future spot) rate of Markka per U.S. Dollar? The current spot rate

Using the formula for relative purchasing power parity, what is the one-year forward (future spot) rate of Markka per U.S. Dollar? The current spot rate of 4.90 Finnish Markka per U.S. Dollar and expected inflation rates are 2.9% per annum in the U.S. and 5.0% in Finland. (Answer rounded to two decimals.)

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