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The current U.S. dollar-yen spot rate is 100/$. If the 180-day forward exchange rate is 105 /$ then the yen is selling at a per
The current U.S. dollar-yen spot rate is 100/$. If the 180-day forward exchange rate is 105 /$ then the yen is selling at a per annum ( premium or discount ) of( _____%).
Choose between premium and discount and fill in the blank. (Two digits below decimal points)
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