(Answered) Todays spot rate is syen 0009057355yen the 90-day forward

Finance

Today's spot rate is S$/¥ = $0.009057355/¥. The 90-day forward rate is = $0.008772945/¥.

a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount over the 90-day period.

b. Calculate the forward premium on Japanese yen as an annualized percent- age premium following the U.S. convention.

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