The dollar-yen 1-year forward rate is $1=108.5000. a) A dealer quote the dollar-yen exchange rate is S(|$) 108.7500-10. Calculate Jennys annual return if she buys 1 million via the dealer at the spot exchange rate and sells them forward, round to 4 decimal places. b) Suppose that the dollar-yen forward premium is 4%. Calculate the spot rate, $1=_______, round to 4 decimal places.