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Find profit from changing currency values

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Reference no: EM132663446

Problem 1: Andrea Cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. Andrea thinks the yen will move to ¥128.00/$ in the next six months. Andrea should ________ at ________ to profit from changing currency values.

Select one:

A. buy yen; at the forward rate
B. sell yen; at the forward rate
C. buy dollars; at the forward rate
D. There is not enough information to answer this question.

Reference no: EM132663446

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