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ABC Corp. has asked MF Group to get its opinion about the Japanese yenAustralian dollar exchange rate. The current rate is 67.72/A$, and MF Group

ABC Corp. has asked MF Group to get its opinion about the Japanese yenAustralian dollar exchange rate. The current rate is 67.72/A$, and MF Group thinks the Australian dollar will weaken by 5% over the next year. What is MF Groups forecast of the future Australian dollar relative to Japanese Yen?provide step-by-step instructions for solving the problem

64.33

64.49

71.10

72.33

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