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a) Given that the rupee depreciates by 89% against the dollar, calculate the implied appreciation of the dollar against the rupee. [Ans. = 809%] b)
a) Given that the rupee depreciates by 89% against the dollar, calculate the implied appreciation
of the dollar against the rupee. [Ans. = 809%]
b) The US mortgage index declined sharply by 75% at the height of the recent great recession.
Compute the percentage increase in the index required to restore it to its previous peak. =300%
c) If the dollar appreciates by 750% against the peso, obtain the implied depreciation of the peso
against the dollar. [Ans. = -88.24%]
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