International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick

تمرين 14

Alumina Limited of Australia has called Mitsubishi UFJ Financial Group to get its opinion about the Japanese yen-Australian dollar exchange rate. The current rate is ¥67.72 A$, and Mitsubishi UFJ thinks the Australian dollar will weaken by 5% over the next year. What is Mitsubishi UFJ's forecast of the future exchange rate