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QUESTION 7 The current Australian dollar-yen spot rate is 123/$. If the 3-month forward exchange rate is 127 /$ then what is per annum premium

QUESTION 7

The current Australian dollar-yen spot rate is 123/$. If the 3-month forward exchange rate is 127 /$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your final answer, no percentage sign. Round your answer to two decimals.)

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