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Given a 3-month U.S. interest rate of 5% and 3-month Japan interest rate of 6%, what is the premium or discount on a 3-moth Japanese

Given a 3-month U.S. interest rate of 5% and 3-month Japan interest rate of 6%, what is the premium or discount on a 3-moth Japanese yen forward contract? Select one: a. 15.3% b. None of the choices is correct O c.0.952% d. -0.943% e.-16.7%

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