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exam 2 page 3 - I I I(d 4.00%p.a 9 Some commodities...

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I I I (d) 4.00% p.a. 9. Some commodities lgygl_]gl}lgtinto [email protected] Examples include : (a) Nontrad ables/ ,/ (b) Haircut" W .l (c) Housing / E$it of the above 10. TE-inflaliorraie in Canada is now 4% less than Fbaf-iqJapan \purchasins power parity, - t1a - Tgj6 F q Zf - < \=**- Trcg - ntrn T -r7 -v' Based on the dollar will be traded with a 4Vo forward discount relative to Japanese yen. _::-:gp.;*[email protected]#J# yen will be traded *ith @ fl$ dolla,r dollar will be traded with a 4% forwa,rd premium relative to Japanese yen. 11. /
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