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What is the closing spot rate in dollars per yen

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Reference no: EM13871992

At time t = 0 the dollar-per-yen spot rate S0$/¥ is $0.0100/¥. The yen then appreciates 25.86 percent.

a. What is the closing spot rate in dollars per yen S1$/¥?

b. By what percentage does the dollar depreciate against the yen?

Reference no: EM13871992

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