Question: Use the information in the table below to answer the following questions: in U.S. $ per U.S. $ Japanese yen .009201 108.68 6-mos forward .009152
| Use the information in the table below to answer the following questions: |
| in U.S. $ | per U.S. $ | |
| Japanese yen | .009201 | 108.68 |
| 6-mos forward | .009152 | 109.26 |
| British pound | 1.5803 | .6328 |
| 3-mos forward | 1.5825 | .6319 |
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| a. | The six-month forward rate for the Japanese yen is ___________ per U.S. dollar. The yen is selling at a discount because it is less expensive in the forward market than in the spot market. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | The three-month forward rate for the British pound is __________ per U.S. dollar. The British pound is selling at a premium because it is more expensive in the forward market than in the spot market. (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) |
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