Use the Following Information to Answer Questions 6-9

question 25

Multiple Choice

Use the following information to answer questions 6-9.
Table 6.1: Spot and Forward Exchange Rates on May 5, 2012.

-Refer to Table 6.1.On May 5,2012,the 3-month forward yen was selling at a:

• A) 2.43% premium per annum against the dollar.
• B) 9.72% premium per annum against the dollar.
• C) 2.43% discount per annum against the dollar.
• D) 9.72% discount per annum against the dollar.

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Definitions:

Fuzzy Logic

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Exception Report

A report generated by a management information system that shows conditions that are unusual or that need attention by system users.