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The Japanese sushi franchise, Hagemaru Sushi, will be receiving six payments of €2,500,000 from now to 12 months in the future. Since the company keeps cash balances in both Japanese yen and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? PERIOD DAYS FORWARD ¥/EURO US$/EURO spot — 0.0083 1.1079 1 month 30 0.0084 1.1100 2 months 60 0.0086 1.1123 3 months 90 0.0088 1.1151 6 months 180 0.0089 1.1214 12 months 360 0.0090 1.1337

Sagot :

Answer:

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Step-by-step explanation:

Five-eighths of a number decreased by twelve is the same as one-half of the number increased by two is 112

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