Calculate the countrys Misery Index (unemployment + inflation) and then use it like an interest differential to
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Calculate the country’s Misery Index (unemployment + inflation) and then use it like an interest differential to forecast the future spot exchange rate, one year into the future.
a. Japanese yen to U.S. dollar exchange rate in one year
b. Japanese yen to Australian dollar exchange rate in one year
c. Australian dollar to U.S. dollar exchange rate in one year
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Multinational Business Finance
ISBN: 9781292445960
16th Global Edition
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
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