Question
The current five year Yen rate is 6% per annum (compounded annually). The dollar rate is 8.5%. What is the implied forward premium or discount
The current five year Yen rate is 6% per annum (compounded annually). The dollar rate is 8.5%. What is the implied forward premium or discount of the yen (over the current spot rate) for a five year forward contract?
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
