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The current spot rate is quotes as 79.90 - 79.93 Y/C. 1 year interest rates are 14.6 % for Japan(JPY) and 1.2% for the Canada(CAD).
| The current spot rate is quotes as 79.90 - 79.93 Y/C. 1 year interest rates are 14.6 % for Japan(JPY) and 1.2% for the Canada(CAD). The 1 year forward rate is 88.71 - 88.89 Y/C. |
| How much money would you have if you started with 1000 Yen and chose to convert your money to Canadian Dollars, invest for the year in Canada, and bring your money home. Please answer to the nearest unit of currency. |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
