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Question 3 Assume the following currencies change in value relative to the dollar as indicated. Calculate the ending exchange rate in terms of local currency

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Question 3 Assume the following currencies change in value relative to the dollar as indicated. Calculate the ending exchange rate in terms of local currency units per dollar. Show at least four decimal points. Currency Initial Exchange Rate Change Relative to Dollar Euro (EU) USSI.30/EU Depreciates by 20% Japanese Yen 120Yen USS Appreciates by 25%

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