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 3%. Use a spreadsheet program to

graph the distribution of the future yendollar exchange rate. If the current spot exchange rate is

99 / $, and the 90-day forward rate is 98.30/ $, describe the distribution of yen profits or losses

from selling $5,000,000 forward.