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You are quoted the following rate : bid. ask Final spot 14.444 14.459 Y/C Forward. 16.009 16.024. SY/C As a Chinese importer, you are buying
You are quoted the following rate :
bid. ask
Final spot 14.444 14.459 Y/C
Forward. 16.009 16.024. SY/C
As a Chinese importer, you are buying Japanese goods valued at 200,000 yen. how much better off are t]you using forward vs spot. (to the nearest whole unit of currency)
(hint find both spot and forward results and subtract)
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