If the spot rate (in U.S.dollars) for Japanese Yen is 0.00703 and the 180 day forward rate is 0.00717, then the Yen is trading at an annualized
A) premium of 4.04%
B) premium of 3.98%
C) premium of 3.91%
D) discount of 3.89%
Correct Answer:
Verified
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