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A US bank broker wants to sell six - month forward on USD / JPY to a Japanese importer. The spot rate is JPY 9

A US bank broker wants to sell six-month forward on USD/JPY to a Japanese importer. The spot rate is JPY90/USD (1 US Dollar =90 Japanese Yen). Further, the 6-month risk-free rate in Japan is 1% per annum and 2% per annum in the United States. What is the approximate six-month forward exchange rate?Question 12Select one:a.JPY90.45/USDb.JPY89.55/USDc.JPY90.89/USDd.JPY89.02/USD

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