To construct the uncertain yen-denominated return from investing one yen in the Swiss franc, what is your first step?
A) convert from yen into Swiss francs in the spot market
B) convert from Swiss francs into yen in the forward market
C) invest in the Swiss money market
D) convert from Swiss francs into yen at the future spot rate
Answer: A
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If P(A) = 0.58, P(B) = 0.44, and P(A?B) = 0.25, then P(A?B) =
A. 1.02. B. 0.77. C. 0.11. D. 0.39.
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Indicate whether the statement is true or false