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A Japanese investor can earn a 1 percent annual interest rate in Japan or about 3.5 percent per year in the United States. If the

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A Japanese investor can earn a 1 percent annual interest rate in Japan or about 3.5 percent per year in the United States. If the spot exchange rate YEN/USD is 101, what is the spot rate one-year from now (1 year forward rate) so an investor be indifferent between the U.S. and Japanese investments? a 104.81 b 108.18 103.50 d 106.57

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