Use the information below to answer the questions that follow. (Enter your answers as directed, but do not round intermediate calculations.)

	U.S. $ EQUIVALENT	CURRENCY PER U.S. $
Japanese yen	.00902	110.84
Japanese yen 6 month	.00911	109.73
Australian dollar	.7467	1.3392
Australian dollar 3 month	.7464	1.3397

a.	Is the yen selling at a premium or a discount?
b.	Is the Australian dollar selling at a premium or a discount?
c.	Do you expect the value of the dollar to increase or decrease realtive to the value of the yen?
d.	Do you expect the value of the dollar to increase or decrease realtive to the value of the Australian dollar?