The Yen Is Currently Trading at *105

question 48

Multiple Choice

The Yen is currently trading at *105.89 per USD, while the forward rate is *102.33 per USD.Given this information, calculate the forward premium.

• A)3.48%
• B)5.48%
• C)7.48%
• D)9.48%

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Definitions:

Sporadic Napping

The act of taking short, unplanned periods of sleep at irregular intervals.

Pseudocoma

A condition in which an individual appears to be in a coma but is actually aware and conscious.

RAS

Acronym for the Reticular Activating System, a network of neurons located in the brainstem that regulates wakefulness and sleep-wake transitions.

Sleep-Wake Cycle

The circadian rhythm that regulates periods of sleepiness and wakefulness throughout a 24-hour period.