Assume that interest rate partiy holds. The U.S five year interest rate is 4% annualized, and the Mexican five -year interest rate is 6%  annualized. Todays spot rate of the Mexican peso is $0.24. The approximate five-year forecast of the pesos spot rate is $ ______ if the five year foward rate is used as a forecast.

If banks expect that the rate of inflation in the coming year will be 4.95% and they want a real return of 8.5% on a certain category of​ loans, then the nominal rate they should charge borrowers on those loans is ____​%

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Consider golfers who led the Professional Golfers' Association of America (PGA) in winnings at different points in time. Note that the winnings are nominal figures (unadjusted for inflation). To convert the original earnings of Palmer, Trevino, and Norman, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings Golfer Year 1963 Arnold Palmer 1970 Lee Trevino 1986 Greg Norman 2016 Dustin Johnson O True (Dollars) 128,230 157,037 653,296 9,365,185 O False U.S. CPI (1983= 100) 30.6 38.8 109.6 240.0 Winnings in 2016 Dollars True or False: According to the previous table, the golfer with the highest PGA winnings in nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation. 9,365,185