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Use the information below to answer the questions that follow. U.S. $ EQUIVALENT .00916 .00899 Japanese yen Japanese yen 6 month Australian dollar Australian


Use the information below to answer the questions that follow. U.S. $ EQUIVALENT .00916 .00899 Japanese yen 

Use the information below to answer the questions that follow. U.S. $ EQUIVALENT .00916 .00899 Japanese yen Japanese yen 6 month Australian dollar Australian dollar 3 month 7748 .7751 CURRENCY PER U.S. $ 109.20 111.21 1.2907 1.2902 a. Is the yen selling at a premium or a discount? b. Is the Australian dollar selling at a premium or a discount? c. Do you expect the value of the dollar to increase or decrease relative to the value of the yen? d. Do you expect the value of the dollar to increase or decrease relative to the value of the Australian dollar?

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