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3.4 Today's spot rate is So $0.009057355/N. The 90-day forward rate is F $0.008772945 / a. Calculate the forward premium on Japanese yen in basis

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3.4 Today's spot rate is So $0.009057355/N. The 90-day forward rate is F $0.008772945 / a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount over the 90-day period. 59 Foreign Exchange and Eurocurrency Markets alculate the forward premium on Japanese yen as an annualized percent- age premium following the U.S. convention. c. Calculate the forward premium on Japanese yen as an effective annual per- centage rate (APR) 3.4 Today's spot rate is So $0.009057355/N. The 90-day forward rate is F $0.008772945 / a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount over the 90-day period. 59 Foreign Exchange and Eurocurrency Markets alculate the forward premium on Japanese yen as an annualized percent- age premium following the U.S. convention. c. Calculate the forward premium on Japanese yen as an effective annual per- centage rate (APR)

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