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Suppose that 288 yen could be purchased in the foreign exchange market for two U.S. dollars today. If the yen is expected to depreciate by

Suppose that 288 yen could be purchased in the foreign exchange market for two U.S. dollars today. If the yen is expected to depreciate by 8% tomorrow, how many yen could two U.S. dollars buy tomorrow?

A. 267 yen

B. 288 yen

C. 156 yen

D. 144 yen

E. 311 yen

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