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Suppose the current exchange rate and three-month expected rate for the yen are 114.37 and 113.89, respectively. a. Is the yen expected to get stronger

image text in transcribed Suppose the current exchange rate and three-month expected rate for the yen are 114.37 and 113.89, respectively. a. Is the yen expected to get stronger or weaker? b. What would you estimate is the difference between the annual inflation rates of the United States and Japan? Useful formulas: E(St)=S0[1+(hFChUS)]t

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