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Clair is a currency speculator who enjoys betting on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is
Clair is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is $ and the month forward rate is $ Clair thinks the yen will move to $ in the next six months. What is her profit if she buys $ worth of yen at today's spot price and sells within the next six months at $
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