Business, 10.11.2019 04:31 aaron2113

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 ¥129.87/$ and the 6- month forward rate is ¥128.53/$. jasper thinks the yen will move to ¥128.00/$ in the next six months. if jasper's expectations are correct, then he could profit in the forward market by and then
a) buying yen for ¥128.00/$; selling yen at ¥128.53/$
b) buying yen for ¥128.53/$; selling yen at ¥128.00/$
c) there is not enough information to answer this question.
d) he could not profit in the forward market.

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Jasper pernik is a currency speculator who enjoys "betting" on changes in the foreign currency excha...