8. During 1995, the yen went from $0. 0125 to $0.0095238. By how much did the Yen appreciate/depreciate against Dollar?

-23.81%

31.25%

-15.67%

40.78%

9. The spot and 60-day forward rates for the Australian dollar are S. 3075 and S.3120 respectively. The Australian dollar is said to be selling at a forward

a. premium of 8. 78%

b. premium of 17.56%

c. discount of 6.39%

d. discount of 15.10%