Jasper Pernik is a currency speculator who enjoys betting on changes in the foreign currency exchange...
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Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is 130/$ and the 6-month forward rate is 130/$. Jasper thinks the yen will move to 129/$ in the next six months. If Jasper buys $70,000 worth of yen at today's spot price and sells within the next six months at 129/$, he will earn a profit of: Profit= $ Jasper Pernik is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is 130/$ and the 6-month forward rate is 130/$. Jasper thinks the yen will move to 129/$ in the next six months. If Jasper buys $70,000 worth of yen at today's spot price and sells within the next six months at 129/$, he will earn a profit of: Profit= $
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