If the spot rate is 114.46 / USD and the 6-month forward rate is 113.90...
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Accounting
If the spot rate is 114.46 / USD and the 6-month forward rate is 113.90 / USD,;
a.
Yen would have been devalued over the 6-month period
b.
Yen are at a 6-month premium of 9.8%
c.
Yen would have depreciated over the 6-month period
d.
No option is correct
e.
Yen would have appreciated over the 6-month period
please show working
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