Hi,

Can you please show me how to solve the questions below? Thanks very much :)

1.Assume the current U.S. dollar-yen spot rate is 109.00/ $. Further, the current nominal 360-day rate of return in Japan is 0.10% and 1.95% in the United States. What is the approximate forward exchange rate for 360 days?

2.A U.S. multination firm has forecast the euro/dollar rate to be 1.10/$ in one year's time, and an exchange rate of $1.20 for the British pound () in the same time period. What does this imply the company's expected rate forthe euro per poundto be in one year?

3.Thecurrent U.S. dollar-yen spot rate is 109/$. If the 360 days forward exchange rate is 111/ $ then the yen is selling at a per annum________ of __________

A) premium; 180%

B) discount; 183%

C) discount; 180%

D) premium; 183%