What is the expected spot rate for Japanese yen one year from now if the current spot rate is JPY106 = USD1 and the yen is selling 1-year forward at JPY114 = USD1?
A) JPY78.9 = USD1
B) JPY98.0 = USD1
C) JPY106.0 = USD1
D) JPY114.0 = USD1
Correct Answer:
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