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$
Correct Answer:
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