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A US bank broker wants to sell six - month forward on USD / JPY to a Japanese importer. The spot rate is JPY 9
A US bank broker wants to sell sixmonth forward on USDJPY to a Japanese importer. The spot rate is JPYUSD US Dollar Japanese Yen Further, the month riskfree rate in Japan is per annum and per annum in the United States. What is the approximate sixmonth forward exchange rate?Question Select one:aJPYUSDbJPYUSDcJPYUSDdJPYUSD
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