Bonus 2. What is the forward premium to interest differential ratio? a) 4.35% to 0.75% b) 0.76% to 4.35% c) 4.35% to 2.97% d) 2.97% to 4.35% The following questions are bonus worth 2.5% each. Use the information available in Bonus Question 1. Please circle the best answer to each question. Bonus 1. Ninety (90) day money market rates are 4% annualized in Japan and 1% annualized in US. Spot USD YEN is trading at 115 and the 90 day forward trades at 120. Are rates in line with Interest Rate Parity