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Suppose 104 yen could be purchased in the foreign exchange market for one Canadian dollar today. If the yen depreciates by 8.0% tomorrow, how many

Suppose 104 yen could be purchased in the foreign exchange market for one Canadian dollar today. If the yen depreciates by 8.0% tomorrow, how many yen could one Canadian dollar buy tomorrow? 1) 123.5 yen 2) 112.3 yen O3) 104.0 yen 4) 95.7 yen

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