Given that the spot rate is ¥106.74/$ and the 180-day forward quote is ¥100.37/$, we can say that
A) the U.S. dollar is at a forward premium against the Yen.
B) the Yen is at a forward premium against the U.S. dollar.
C) the Yen is at a forward discount against the U.S. dollar.
D) the U.S. dollar is at neither a premium nor a discount against the Yen.
Correct Answer:
Verified
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