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Please solve and show all work and steps. Answer is provided. a. Current interest rates are i_$ = 2% i_yen = 0.5%. Expected spot rate

Please solve and show all work and steps. Answer is provided.

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a. Current interest rates are i_$ = 2% i_yen = 0.5%. Expected spot rate in one year S_1($/yen) is 1.15, according to the asset to the market approach, the current sport is S_0($/yen) = ___1.133___

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