The yen-per-dollar spot rate is 104. The yen-per-dollar forward rate is 107. If the U.S. risk-free rate is 2.4%, what is the likely yen risk-free rate?
A. 1.24%
B. 2.35%
C. 3.98%
D. 5.35%
D. 5.35%
Yen rate = (1.024)(107/104) - 1 = .0535
Business
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