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the spot rate today is 110.28/$. Calculate the expected spot rate two years from today of the dollar in terms of the yen if the

the spot rate today is 110.28/$. Calculate the expected spot rate two years from today of the dollar in terms of the yen if the yen is expected to appreciate by 3.60% per year in the coming two years.
Inversing of the given current spot rates is inadmissible and earns no points. show all your calculations while writing down what parameter your calculating i.e. S1 = so and so

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