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Suppose that today's spot exchange rate is ¥/$ = 187. Next year's exchange rate is expected...

Suppose that today's spot exchange rate is ¥/$ = 187. Next year's exchange rate is expected to be ¥/$ = 193. What is the percentage change in the value of the yen? Do not write any symbol. Express your answers as a percentage. Make sure to round your answers to the nearest 100th decimal points. For example, write 12.34 for 12.34%.

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Expert Solution

Yen value decrease so percentage change = -3.11%

jeff jeffy answered 2 years ago
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