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FIN 178 (International Finance) Homework- Chapter 03 Due at beginning of class on Thursday September 21 Name Total out of xx: Question 1 (6 marks)

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FIN 178 (International Finance) Homework- Chapter 03 Due at beginning of class on Thursday September 21 Name Total out of xx: Question 1 (6 marks) Suppose that the pers exchange rate changes from Sys- X108/S to S's101/s. What is the percentage change of the dollar? a. b. Has the dollar appreciated or depreciated in value relative to the yen? Assume you sold 105 million at a spot price of Sles-V108/ did you receive from this sale? c. $. How many dollars Page 1 of 5

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