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3) The current U.S. dollar-yen spot rate is 125/$. If the 90-day forward exchange rate is 127/$ then the yen is selling at a per

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3) The current U.S. dollar-yen spot rate is 125/$. If the 90-day forward exchange rate is 127/$ then the yen is selling at a per annum of A) premium; 1.57% B) premium; 6.30% C) discount; 1.57% D) discount; 6.30%

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