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9. You can exchange $1 for either Can$1.1405 or $118.24. What is the cross-rate between the Canadian dollar and Japanese yen? 10. The spot rate

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9. You can exchange $1 for either Can$1.1405 or $118.24. What is the cross-rate between the Canadian dollar and Japanese yen? 10. The spot rate between the Japanese yen and the U.S. dollar is 108.39/$, while the one-year forward rate is $108.70/$. The one-year risk-free rate in the U.S. is 2.95 percent. If interest rate parity exists, what is the one-year risk-free rate in Japan

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