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QUESTION
Assume the following current information:
Assume the following current information:
(i) The deposit rate on Euro-Yen 6-month deposits = 3% per annum
(ii) The deposit rate on Euro-CAD 6-month deposits = 4% per annum
(iii) The 6-month forward exchange rate: Yen 1.0 = CAD 0.0120
(iv) The current spot exchange rate: Yen 1.0 = CAD 0.0120
