Question: Please help me answer it in 90mins, and I will vote up, thank you very much. The current Australian dollar-yen spot rate is 1234/$. If

Please help me answer it in 90mins, and I will vote up, thank you very much.

The current Australian dollar-yen spot rate is 1234/$. If the 3-month forward exchange rate is 127 \/$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your final answer, no percentage sign. Round your answer to two decimals.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Please help me answer it in 90mins, and I will vote up, thank you very much. The current US interest rate is 6.1% per annum (compounded annually). The interest rate in Australia is 9.6% per annum....

Please help me answer it in 90mins, and I will vote up, thank you very much. Eastpac offers the following quotes for the Australian Dollar (AUD) and the Indian Rupee (INR): 1.5215 - 1.5321 AUD/$...

Please help me answer it in 60mins, and I will vote up, thank you very much. If a country chooses to have a pure float exchange rate regime, which goal(s) is a country most able to achieve under the...

The current Australian dollar-yen spot rate is 125/$. If the 3-month forward exchange rate is 128 /$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your...

The current Australian dollar-yen spot rate is 124/$. If the 3-month forward exchange rate is 128 /$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your...

The current Australian dollar-yen spot rate is 124/$. If the 3-month forward exchange rate is 127 /$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your...

The current Australian dollar-yen spot rate is 123/$. If the 3-month forward exchange rate is 127 /$ then what is per annum premium (or discount) the yen is selling at? (Input only numbers as your...

URGENT: I need detail solutions for these questions ! STUDENT'S NAME: QUIZ 3 1. Assume the current U.S. dollar-yen spot rate is 90 /$. Further, the current nominal 180-day rate of return in Japan is...

Can you please help me understand this for my final!! thank you so much 5. (10 pts) Suppose that the dollar-yen spot exchange rate is $0.0090/\ and the 90-day forward exchange rate is $0.0091/. The...

Please show calculations and kindly explain so that I will comprehend. Thank you very much! The spot exchange rate is $1.50/. The three-month forward exchange rate is $1.52/. The 3 -month interest...

Using Table 1.4 as a guide, prepare a similar table showing the order of magnitudes of the thermal resistances of a unit area for convection between a surface and various fluids.GIVENTable 1.4??The...

The Chaplinsky Publishing Company is considering two mutually exclusive expansion plans. Plan A calls for the expenditure of $40 million on a large-scale, integrated plant that will provide an...

The major advantages of trade credit are its availability and flexibility. True False

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".