Today's spot rate is . The 90-day forward rate is . a. Calculate the forward premium on
Question:
Today's spot rate is . The 90-day forward rate is .
a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount over the 90-
day period.
b. Calculate the forward premium on Japanese yen as an annualized percentage premium following the U.S.
convention.
c. Calculate the forward premium on Japanese yen as an effective annual percentage rate (APR).
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