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Current Five?year Euro Yen Rate Is 6% Per Annum (Compounded

Question 21

Multiple Choice

current five?year Euro yen rate is 6% per annum (compounded annually) . The five?year Eurodollar rate is What is the implied forward premium or discount of the yen (over the current spot rate) for a five?year forward contract?


A) 4.17% premium
B) 18.46% discount
C) 11.00% discount
D) 12.36% premium

Correct Answer:

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