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Question
The current spot exchange rate between the Japanese yen and the U.S. dollar is 92.61 Y/US$. The yen is expected to appreciate by 4% against the dollar over the next year. What do you expect the spot exchange rate between the yen and the dollar to be one year from now?A) 92.61 Y/US$
B) 98.18 Y/US$
C) 89.05 Y/US$
D) 103.08 Y/US$
Answer
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Related questions
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