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The dollar-Yen exchange rate in the spotmarket is $0.008962/Yen. The three month forward rate is given as $0.008690/Yen. How would a currency dealer quote the

The dollar-Yen exchange rate in the spotmarket is $0.008962/Yen. The three month forward rate is given as $0.008690/Yen. How would a currency dealer quote the dollar three-month forward as a premium/discount?

A.3.035% dicount

B. 12.52% premium

C. 3.035% premium

D.12.14% discount

E. 3.1300% discount

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