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7. Assume that the spot JPY/USD exchange rate is 120 Yen per 1 USD, and that the continuously compounded interest rate in the United States

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7. Assume that the spot JPY/USD exchange rate is 120 Yen per 1 USD, and that the continuously compounded interest rate in the United States and Japan are 1% and 2%, respectively. a. What is the 3-month forward JPY/USD exchange rate? b. What is the 3-month forward USD/JPY exchange rate

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