1. Use the following spot and forward bid-ask rates for the European Euro/U.S. dollar +(/$) exchange rate from May 28, 2014, to answer the following questions: /$ /$ Period Bid Rate Ask Rate spot 0,734 0,738 1 month 0,739 0,741 2 months 0,736 0,739 3 months 0,743 0,746 6 months 0,746 0,748 12 months 0,750 0,754 24 months 0,756 0,758 a. What is the mid-rate for each maturity? b. What is the annual forward premium for all maturities? c. Which maturities have the smallest and largest forward premiums