The 30-Day Forward Exchange Rate Is

question 27

Multiple Choice

The 30-day forward exchange rate is .01073033 dollars per yen.If this forward rate represents a per year discount of 2.5% from the current spot rate,what is the current spot exchange rate?

• A) 0.01073033 dollars per yen
• B) 0.01257754 dollars per yen
• C) 0.01329684 dollars per yen
• D) 0)01093833 dollars per yen

---

Definitions:

Terabytes

A unit of digital storage measurement equal to approximately one trillion bytes, often used to specify the size of large data or disk capacities.

Megabytes

A unit of digital information storage equal to 1,024 kilobytes or approximately 1 million bytes.

Kilobytes

A unit of digital information equal to 1,024 bytes, used to measure the size of data files and storage capacity.

Cloud

A technology enabling access to computing resources, like servers, storage, and applications, over the internet rather than from local hardware.