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13 If the current spot exchange rate is 110 yen per dollar and the three-month forward rate is 121 yen per dollar then, on an

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13 If the current spot exchange rate is 110 yen per dollar and the three-month forward rate is 121 yen per dollar then, on an annualized basis, (2.05) A the yen is selling forward at a 10 percent premium. B the yen is selling forward at a 10 percent discount. the yen is selling forward at a 40 percent premium the yen is selling forward at a 40 percent discount. OD

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