Question: The 90-day forward rate for the yen is $116.84/$, while the current spot rate of the euro is $118.27/$. What is the annualized forward premium

The 90-day forward rate for the yen is $116.84/$, while the current spot rate of the euro is $118.27/$. What is the annualized forward premium or discount of the yen? 360 O 2.7 percent discount 90 (116.84 -118.27)/118.27 * O 2.7 percent premium 0 4.9 percent premium 49 4.9 percent discount

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