Question: 3 Using Exhibit 5.7, calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using American term

3 Using Exhibit 5.7, calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using

3 Using Exhibit 5.7, calculate the one-, three-, and six-month forward premium or discount for the Japanese yen versus the U.S. dollar using American term quotations. For simplicity, assume each month has 30 days. What is the interpretation of your results? (Round your answers to 5 decimal places.) Forward premium or discount |f1,JPY f3,JPY f6,JPY eBook EXHIBIT 5.7 Exchange Rates Currencies April 3, 2019 U.S.-dollar foreign-exchange rates in late New York trading - Wed - Country/Currency In US$ Per US$ Americas Argentina peso 0233 42.854 Brazil real .2583 3.8715 Canada dollar .7493 1.3345 Chile peso .001500 666.73 Colombia peso .000320 3123.6 Ecuador US dollar 1 1 Mexico peso .0520 19.220 Peru new sol .3034 3.296 Uruguay peso .02965 33.4300 Asia-Pacific Australian dollar .7113 1.4060 1-mos forward .7117 1.4051 3-mos forward .7125 1.4035 6-mos forward .7139 1.4008 China yuan .1490 6.7114 Hong Kong dollar .1274 7.8494 India rupee .01461 68.425 Indonesia rupiah .0000703 14223 Japan yen .00897 111.49 1-mos forward .00899 111.22 3-mos forward .00903 110.70 6-mos forward .00910 109.90

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