What is the current spot exchange rate

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Reference no: EM131349111

The 90-day forward exchange rate is .01073033 dollars per yen. If this forward rate represents a per year premium of 2.5% from the current spot rate, what is the current spot exchange rate? a) .01057754 dollars per yen b) .01029684 dollars per yen c) .01066368 dollars per yen d) .01093833 dollars per yen.

Reference no: EM131349111

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