Question
*Suppose that the value of the yen depreciated by 14% from theCanadian point of view.What is the percentage appreciation/depreciation of theCanadian dollarfrom the Japanese point
*Suppose that the value of the yen depreciated by 14% from theCanadian point of view.What is the percentage appreciation/depreciation of theCanadian dollarfrom the Japanese point of view? Enter your answer in decimal format and round any intermediate steps and for final answer to four decimals (EX: .XXXX).
*You observed the following quotes between Canadian dollars (C$), euros () and Swiss francs (CHF)on 3/1/XX:
C$1=.90, C$.70/CHF
On 3/2/XX, quotes for each currency were as follows: C$1.15=1, C$.75/CHF
You converted 600,000 Swiss francs into euros on 3/1. On 3/2 you converted your euros back to Swiss francs.How many francs would you have on 3/2?Round intermediate steps to four decimals.
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