Supply the forward yen premium or discount specify which it, Financial Management

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Supply the forward yen premium or discount specify which it

The spot and forward rates for the Japanese yen are:

Spot: $0.008415/Y (Y118.84/$)

1-month: $0.008446/Y (Y118.40/$)

3-month: $0.008508/Y (Y117.54/$)

Supply the forward yen premium or discount (specify which it is) for both the 1-month and 3-month quotes as an annual percentage rate.

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Financial Management: Supply the forward yen premium or discount specify which it

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