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The current five-year yen and dollar interest rates are 8% and 12.5% per annum, respectively. What is the implied forward premium or discount of the

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The current five-year yen and dollar interest rates are 8% and 12.5% per annum, respectively. What is the implied forward premium or discount of the yen (over the current spot rate for a five-year forward contract)? a. 17.74% discount b.18.46% discount C. 4.17% premium d. 22.64% premium

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