The Yen Is Currently Trading at ¥109

question 70

Multiple Choice

The Yen is currently trading at ¥109.66 per USD, while the forward rate is ¥112.96 per USD.Given this information, calculate the forward premium or discount.

• A)5.92% premium
• B)2.92% premium
• C)5.92% discount
• D)2.92% discount

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