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Can you please provide the explanation, formula and correct answer for the problem above? The exchange rates between the yen and the dollar are listed

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Can you please provide the explanation, formula and correct answer for the problem above?

The exchange rates between the yen and the dollar are listed in the following: Spot: 50 yens per dollar 1-month: 52 yens per dollar 3-month: 55 yens per dollar 6-month: 58 yens per dollar What is the annualized forward percentage discount/premium on the 3-month forward yen a. 25 premium b. 36 discount c. 12 discount d. 36 premium

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