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Princess Cruise Company ( PCC ) purchased a ship from Mitsubishi Heavy Industry for 8 0 0 million yen payable in one year. The current
Princess Cruise Company PCC purchased a ship from Mitsubishi Heavy Industry for million yen payable in one year. The current spot rate is $ and the oneyear forward rate is $ The annual interest rate is percent in Japan and percent in the United States. PCC can also buy a oneyear call option on yen at the strike price of $ per yen for a premium of cents per yen.
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