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Throughout the 1990s, interest rates in Japan were lower than interest rates in the United States. As a result, many Japanese investors were tempted to borrow in Japan and invest the proceeds in the United States. Explain why this strategy does not represent an arbitrage opportunit

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A tub of water is placed in a small room and heat is removed from the room. What will most likely occur if enough heat is removed? (A)The water will freeze. (B)

A tub of water is placed in a small room and heat is removed from the room. What will most likely occur if enough heat is removed? (A)The water will freeze. (B)

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