Your company can get yen loans for 20 dollar rates on the


Your company can get yen loans for 2.0%. Dollar rates on the same loans are 4.5%. The spot yenper dollar exchange rate is 104. The forward rates for years 1 thru 4 are, 101.51, 99.08, 96.71, and94.40, respectively. What is the dollar value of a 4-year 1 million yen loan?

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Finance Basics: Your company can get yen loans for 20 dollar rates on the
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