Discount for the yen versus the dollar

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Reference no: EM13730448

Calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using the following American term quotations. For simplicity, assume each month has 30 days. What is the interpretation of your results?

Spot 0.000851

One-Month 0.000853

Three-Month 0.000859

Six-Month 0.000866

Reference no: EM13730448

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