VOLUME-TO-WEIGHT CONVERSION FACTORS
So if the above yen amount is invested today at the Japanese interest rate for three months, the maturity value will be exactly equal to ¥25 million which is the amount of payable. To buy the above yen amount today, it will cost: $2,340,002.34 = ¥250,000,000/105. The dollar cost of meeting this yen obligation is $2,340,002.34 as of today. (b) ................
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