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4. Today's spot rate is $0.009057355/Y. The 90-day forward rate is $0.008772945/Y. a. Calculate the forward premium on Japanese yen in basis points and as

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4. Today's spot rate is $0.009057355/Y. The 90-day forward rate is $0.008772945/Y. a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount over the 90-day period. b. Calculate the forward premium on yen as an annualized % premium following the US convention

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