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2) The dollar-yen 1-year forward rate is $1-W108,5500. a) A dealer quote the dollar-yen exchange rate is S(XS) 108.7500-15. Calculate Jenny's annual return if she

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2) The dollar-yen 1-year forward rate is $1-W108,5500. a) A dealer quote the dollar-yen exchange rate is S(XS) 108.7500-15. Calculate Jenny's annual return if she buys \1 million via the dealer at the spot exchange rate and sells them forward, round to 4 decimal places. b) Suppose that the dollar-yen forward premium is 4%. Calculate the spot rate, S1-X round to 4 decimal places

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