Question: At time t = 0 , the dollar - per - yen spot rate S 0 ^ $ / Yen is $ 0 . 0

At time t=0, the dollar-per-yen spot rate S0^$/Yen is $0.0100/Yen. The Yen then appreciates 25.86%. A) What is the closing spot rate in dollars per yen S1^$/Yen? B) By what percantage does the dollar depreciate aganist the Yen?

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