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3. At time to the yen per dollar spot rate is 100/$. The yen then appreciates 26% during the day. 1) What is the closing

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3. At time to the yen per dollar spot rate is 100/$. The yen then appreciates 26% during the day. 1) What is the closing spot rate in dollar per yen? (1 mark) 21 By what percentage does the dollar depreciate against yen? (1 mark)

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