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QUESTION 25 Let the U.S. dollar-yen spot rate be 120/$. Also, let the 180-day forward exchange rate be 124.8/$. Then the yen is selling at
QUESTION 25
- Let the U.S. dollar-yen spot rate be 120/$. Also, let the 180-day forward exchange rate be 124.8/$. Then the yen is selling at a per annum _________ of ___________.
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| a. | premium; 8.00% |
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| b. | premium; 6.30% |
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| c. | discount; 8.00% |
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| d. | discount; 1.57% |
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QUESTION 26
- Assume that a green card holder flies with American Airlines from NYC to Paris. The related transactions will be reported on the Balance of Payments.
True
False
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
