If you buy yen forward when the yen is selling at a forward premium,you will get:
A) more yen than if you buy yen today on the spot market.
B) fewer yen than if you buy yen today on spot market.
C) the same number of yen as on the spot market, but with a lower commission.
D) the expectation of more yen, but the difference is not locked in.
Correct Answer:
Verified
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