2) The dollar-yen 1-year forward rate is $l=108.5500. a) A dealer quote the dollar-yen exchange rate is S(|$) 108.7500-15. Calculate Jenny's annual return if she buys l 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, 3 l= , round to 4 decimal places