You expect to receive an income in jpy in 180 days from now, Financial Management

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You expect to receive an income in jpy in 180 days from now

You expect to receive an income in JPY in 180 days from now. You wish to guarantee the AUD equivalent of your JPY income, using a forward market transaction. The current spot rate is AUD/JPY 95.46, with money market interest rates over six months of 2.8% per annum in AUD and 0.18% per annum in JPY. What will be the six month forward rate, and which currency is trading at a forward premium?

A. 94.23, with a forward premium on the JPY

B. 94.23, with a forward premium on the AUD

C. 96.71, with a forward premium on the AUD

D. 96.71, with a forward premium on the JPY

E. 92.96, with a forward premium on the JPY

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Financial Management: You expect to receive an income in jpy in 180 days from now

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Financial Management: You expect to receive an income in jpy in 180 days from now

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