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Suppose you are a U.S. resident. You are expecting a payment of C$60,000 three y...

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Suppose you are a U.S. resident. You are expecting a payment of C$60,000 three years from now. The risk-free rate of return is 4.3 percent in the U.S. and 4.8 percent in Canada. The inflation rate is 3.7 percent in the U.S. and 4.1 percent in Canada. Suppose the current exchange rate is C$1 = $0.9489. If uncovered interest parity holds, how much (approximately) will the payment in three years be worth in U.S. dollars?

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