If the spot rate for the japanese yen is 00092 per japanese


If the spot rate for the Japanese yen is $0.0092 per Japanese yen and the 3-month forward rate is $0.0093 per Japanese yen, what is the annualized premium (discount) for the 3-month forward quote on the Japanese Yen, i.e., the annualized Japanese Yen forward premium (discount) relative to dollars?

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Financial Management: If the spot rate for the japanese yen is 00092 per japanese
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