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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
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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 is 129.87/$ and the 6-month forward rate is 128.53/$. Andrea thinks the yen will move to 128.00/$ in the next six months. Andrea should _______ to profit from changing currency values.
a) do nothing b) buy dollar c) sell yen d) sell dollar
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