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Business, 10.05.2021 21:00 admiralaj85

Assume that there are no transaction costs, and that you can either buy or sell at these exchange rates. Also, the interest rates above are quoted in annualized, continuously compounded form, and are the same for borrowing or lending. (a) What must the 3-month Japanese (yen) interest rate (annualized, c. c.) be for there to be no arbitrage

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