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The annualized forward when the Japanese yen/U.S. dollar exchange rates are JPY118.25 per USD spot and JPY116.85 per USD quoted on a one month forward

The annualized forward when the Japanese yen/U.S. dollar exchange rates are JPY118.25 per USD spot and JPY116.85 per USD quoted on a one month forward contract is discount; 10.44% O premium: 7.28% discount: 14.21% O premium; 12.41%

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