Refer to the following table, which is formatted similarly to the corresponding tables in the course outlines. A Japanese firm purchases dollars forward in a 3-month forward contract. What is the annualized premium or discount on the dollar? Country/currency Japan yen 1-mos forward 3-mos forward 6-mos forward Switzerland franc 1-mos forward 3-mos forward 6-mos forward 1.14% premium O 0.29% premium 0.28% discount 1.14% discount Onone of the above IN US$ Mon 0.009172 0.009179 0.009198 0.009230 1.0229 1.0242 1.070 1.0318 PERUSS Mon 109.03 108.94 108.72 108.34 0.9776 | 0.9764 0.9737 0.9692

Refer to the following table, which is formatted similarly to the corresponding tables in the course outlines. A Japanese firm purchases dollars forward in a 3-month forward contract. What is the annualized premium or discount on the dollar? 1.14% premium 0.29% premium 0.28% discount 1.14% discount none of the above