In: Finance
Use the information below to answer the questions that follow. (Enter your answers as directed, but do not round intermediate calculations.) |
U.S. $ EQUIVALENT | CURRENCY PER U.S. $ | |
Japanese yen | .00902 | 110.84 |
Japanese yen 6 month | .00911 | 109.73 |
Australian dollar | .7467 | 1.3392 |
Australian dollar 3 month | .7464 | 1.3397 |
a. | Is the yen selling at a premium or a discount? |
b. | Is the Australian dollar selling at a premium or a discount? |
c. | Do you expect the value of the dollar to increase or decrease realtive to the value of the yen? |
d. | Do you expect the value of the dollar to increase or decrease realtive to the value of the Australian dollar? |