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Andrea Cujoli is a currency speculator who enjoys betting on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen
Andrea Cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is 103.00/$ and the 6-month forward rate is 100.00/$. Andrea thinks the yen will move to 102.00/$ in the next six months. Andrea should ________ at ________ to profit from changing currency values.
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