How many yen will the customer get

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Reference no: EM131983918

Suppose a bank corporate customer has €2,335,000 and plans to trade for Japanese yen to complete a capital budgeting project in Tokyo. The dollar-euro exchange rate is quoted as $1.60 = €1.00 with a $ interest rate of 4.12% and a € interest rate of 3.87%. If the dollar-yen exchange rate is quoted at $1.00 = ¥120 . with a ¥ interest rate of 1.173%, how many yen will the customer get?

Reference no: EM131983918

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