Given That the Spot Rate Is ¥106

question 28

Multiple Choice

Given that the spot rate is ¥106.74/$ and the 180-day forward quote is ¥100.37/$, we can say that

• A) the U.S. dollar is at a forward premium against the Yen.
• B) the Yen is at a forward premium against the U.S. dollar.
• C) the Yen is at a forward discount against the U.S. dollar.
• D) the U.S. dollar is at neither a premium nor a discount against the Yen.

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