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Suppose the spot and three-month forward rates for the yen are 124.37 and 132.36, respectively. What would you estimate is the difference between the annual

Suppose the spot and three-month forward rates for the yen are 124.37 and 132.36, respectively. What would you estimate is the difference between the annual inflation rates of the United States and Japan? (Do not round your intermediate calculations.) rev: 09_21_2012 27.15% 29.41% 6.42% 28.28% -22.05%

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