What is the implied forward premium or discount of the yen


The current one-year interest rate on Japanese yen is 2% per annum, the one-year U.S. dollar rate is 4.5%. What is the implied forward premium or discount of the yen (over the current spot rate) for a one-year forward contract according to Interest Rate Parity?

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Financial Management: What is the implied forward premium or discount of the yen
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