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19-04-2024
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The international market for silicon follows relative PPP. The price in the US today is 10 and the price in China today is 82Â¥ . The prices in one year are expected to be16 and 90Â¥ respectively. If the exchange rate between China and the US is 6.8Â¥ today, then what is the exchange rate expected to be in one year?

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