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1.Jack is a trader and he lives in USA. He has sold some goods in Japan and is expecting to receive JPY (Japan Yen) 100,000.00

1.Jack is a trader and he lives in USA. He has sold some goods in Japan and is expecting to receive JPY (Japan Yen) 100,000.00 after 3 months.

Required:

A.Calculate spot rate as of Jan 1/2021

B.Calculate Forward rate as of March 1/2021

C.Calculate forward premium /discount rate.

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