Question
On December 1, 2002, spot Japanese yen were sold at $0.008058. Suppose the 90-day forward Japanese yen was selling at a 1.91% annualized discount, what
On December 1, 2002, spot Japanese yen were sold at $0.008058. Suppose the 90-day forward Japanese yen was selling at a 1.91% annualized discount, what is the 90-day forward rate of the yen?
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Global Investments
Authors: Bruno Solnik, Dennis McLeavey
6th edition
321527704, 978-0321527707
