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If Japanese interest rates are 0.019 per year, US interest rates are 0.047 per year, and spot yen is 105 yen/$, what is the dollar
If Japanese interest rates are 0.019 per year, US interest rates are 0.047 per year, and spot yen is 105 yen/$, what is the dollar amount one must pay through a money market hedge in one year's time for a 50 million yen account payable? (Please answer to the nearest dollar and do not enter the dollar sign.)
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