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Calculate forward premium-discount rate

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Reference no: EM133034095

Question - Jack is a trader and he lives in USA. He has sold some goods in Japan and is expecting to receive JPY (Japan Yen) 100,000.00 after 3 months.

Required -

A. Calculate spot rate as of Jan 1/2021 if spot rate is 111.5.

B. Calculate Forward rate as of March 1/2021 if forward rate is 113.756.

C. Calculate forward premium /discount rate.

Reference no: EM133034095

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