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  3. a spot forward swap is done with the following yen

A spot forward swap is done with the following yen per dollar quoted rates. Spot...

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A spot forward swap is done with the following yen per dollar quoted rates. Spot rate 106.75 - 106.85 90 day forward 104.25 - 104.85 An importer exchanged $1,000 for yen at the spot and sold forward $1,000 worth of yen sold 90 days forward. What was the yen payment made by the importer at the end of the 90 days

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