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The current U.S. dollar-yen spot rate is 84/$. If the 90-day forward exchange rate is 88/$ then the yen is selling at a per annum
The current U.S. dollar-yen spot rate is 84/$. If the 90-day forward exchange rate is 88/$ then the yen is selling at a per annum ________ of ________.
| premium; 11.57% |
| premium; 16.30% |
| discount; 18.18% |
| discount; 19.75% |
I got premium; 18.18% but thats not an option
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Communication Essentials For Financial Planners
Authors: John E. Grable
1st Edition
1119350786, 978-1119350781
