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calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using American term quotations. For simplicity, assume

calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using American term quotations. For simplicity, assume each month has 30 days. What is the interpretation of your results? Note: Round your answers to 5 decimal places.

Japan yen 0.00869 115.11
1-mos forward 0.00869 115.09
3-mos forward 0.00870 114.98
6-mos forward 0.00872 114.70

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