The current spot exchange rate between the Japanese yen and the Canadian dollar is Y 75.00/$. The yen is expected to appreciate by 6% against the dollar over the next six months. What do you expect the spot exchange rate between the yen and the dollar to be six months from now?
A) Y 79.50/$
B) Y 70.75/$
C) Y 84.00/$
D) Y 75.00/$
Correct Answer:
Verified
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