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Nominal annual interest rates in cyprus are 78431 the spot


International Fisher Effect

Nominal annual interest rates in Cyprus are 7.8431%. The spot rate for the Cyprus pound (CYP) is $1.50 and the Cyprus pound is expected to adjust to a future spot rate (one year from today) of $1.53. According to the international Fisher effect (IFE), what is the nominal interest rate in the United States? Do not approximate.

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Financial Management: Nominal annual interest rates in cyprus are 78431 the spot
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