On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose
On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?
A) 0.008245
B) 0.008135
C) 0.008457
D) 0.008550
ANSWER
Answer: B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.