Suppose the current spot exchange rate between japanese yen, Financial Management

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Suppose the current spot exchange rate between japanese yen

Suppose the current spot exchange rate between Japanese yen and US dollars is 115 yen per dollar. Assume that the annual inflation rate in Japan is 1% per year over the next 15 years and the annual inflation rate in the U.S. is 5% per year over the next 15 years. If purchasing parity holds at all times, what will be the exchange rate 15 years from now?

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Financial Management: Suppose the current spot exchange rate between japanese yen

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