Dollar to yen exchange rate

Reference no: EM13206818

In 1980 the dollar to yen exchange rate was about $0.0045. In 2007 the yen to dollar exchange rate was about 121 yen per dollar. A Japanese producer would have had to increase the dollar price of a good sold in the U.S. by _____ to maintain the same yen price in 2007.

A. 83.7%
B. 79.5%
C. 65.4%
D. 59.3%

Reference no: EM13206818

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