Here is the answer for the question – On December 3, 2001, spot Japanese yen were sold at. You’ll find the correct answer below
On December 3, 2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?
a. 0.008245
b. 0.008135
c. 0.008457
d. can’t tell
The Correct Answer is
b. 0.008135
Reason Explained
b. 0.008135 is correct for On December 3, 2001, spot Japanese yen were sold at
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