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You observe the following current rates: exchange rate: $ 0 . 0 1 / yen . Annual interest rate on 9 0 - day U
You observe the following current rates: exchange rate: $yen Annual interest rate on day US dollardenominated bonds: Annual interest rate on day yendenominated bonds: a If uncovered interest parity holds, what spot exchange rate do investors expect to exist in days?
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