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1.The current U.S. dollar-yen spot rate is 102/$. If the 90-day forward exchange rate is 101/$ what is the forward exchange premium or discount for

1.The current U.S. dollar-yen spot rate is 102/$. If the 90-day forward exchange rate is 101/$ what is the forward exchange premium or discount for $.

2.Assume the current U.S. dollar-British spot rate is 0.71/$. If the current nominal one-year interest rate in the U.S. is 2.7% and the comparable rate in Britain is 3.9%, what is the approximate forward exchange rate for 180 days?

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