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4) Suppose that at time t-0 the dollar per yen spot rate SoSN is 0.0100 S/ and that the yen appreciates 25.86 percent during the

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4) Suppose that at time t-0 the dollar per yen spot rate SoSN is 0.0100 S/ and that the yen appreciates 25.86 percent during the next period. a) What is the closing spot rate in dollars per yen, S15*? b) By what percentage does the dollar depreciate against the yen

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