2 Calculate the annual percentage rate of each of the following: (a) the percentage per annum forward

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2 Calculate the annual percentage rate of each of the following:

(a) the percentage per annum forward discount or premium of the yen against the dollar one month forward;

(b) the percentage per annum forward discount or premium of the euro against the dollar three months forward;

(c) the percentage per annum forward discount or premium of the pound against the dollar one year forward.

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