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it is domestic - foreign
US = domestic
so the approximate answer is: 6.0 - 0.80 = 5.20%

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This is a stupid question, but i always seem to confuse how they want us to represent the answer: which one is at the “discount” obviously the euro should depreciate, and yen appreciate, so that means the yen trades at a forward premium and euro discount, correct?
Just double checking bc i thought i saw them word it the other way since the quotation will be smaller because it takes less yen per euro.

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