Question: Given that the spot rate is 1 0 6 . 7 4 5 and the 1 8 0 - day forward quote is % 1

Given that the spot rate is 106.745 and the 180-day forward quote is %100.375, we can say that:
the US. dollar is at a forward premium against the yen.
the US. dollar is at neither a premium nor a discount against the yen.
the yen is at a forward premlum against the US. dollar.
the yen is at a forward discount against the US. dollar.
Given that the spot rate is 1 0 6 . 7 4 5 and the

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