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Suppose the rate of appreciation of the dollar relative to the yen over the next 90 days is normally distributed with a mean of -1%

Suppose the rate of appreciation of the dollar relative to the yen over the next 90 days is normally distributed with a mean of -1% and a standard deviation of 5%. Use a spreadsheet program to graph the distribution of the future yendollar exchange rate. If the current spot exchange rate is 105 / $, and the 90-day forward rate is 106/ $, describe the distribution of yen profits or losses from selling $5,000,000 forward (note to use statistical excel functions norm.inv and norm.dist).

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