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Suppose that on 2/22, the exchange rate were 103 yen/$. Over the next week (i.e. until 3/1), the dollar appreciated against the yen by 6.8%.

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Suppose that on 2/22, the exchange rate were 103 yen/$. Over the next week (i.e. until 3/1), the dollar appreciated against the yen by 6.8%. Then in the next week (i.e. until 3/8) the dollar depreciated against the yen by 6.8%. What is the new exchange rate in yen/$ on 3/8? Give your answer to 2 decimals

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