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A yen futures contract settles one year from today. If spot yen is 97, the one year yen interest rate is 1% and the one

A yen futures contract settles one year from today. If spot yen is 97, the one year yen interest rate is 1% and the one year US interest rate is 3%, estimate the futures price you should find on the exchange.

A. 97.97

B. 95.12

C. 0.0105

D. 0.010513

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