Question: An Australian organization has a ¥35,000,000 account… An Australian organization has a ¥35,000,000 account payable in 3 months. The current Japanese yen (¥)/Australian Dollar (A$) spot exchange rate is ¥87.35/A$. The organization expects the spot rate in 3 months to be ¥80.45/A$. The 3-month forward exchange rate is ¥84.95/A$. The Australian Dollar (A$) 3-month
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