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(20) Suppose one-year deposit rates on dollars and Yen are 7% and 4%, respectively. If the current spot rate for Yen is Yen102/$, then the

(20) Suppose one-year deposit rates on dollars and Yen are 7% and 4%, respectively. If the current spot rate for Yen is Yen102/$, then the spot rate for Yen two years from now implied by these interest rates is SHOW WORK!

a. 95.5185

b. 96.3606

c. 97.1268

d. 107.9695

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